In a manual data processing system,the custody of cash and the recording of cash receipts in the cash journal should be combined for maximum control.

Name: In a manual data processing system,the custody of cash and the recording of cash receipts in the cash journal should be combined for maximum control.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Separating the custody of cash from the recording of cash receipts in the cash journal is a fundamental principle of internal control, aimed at preventing fraud and errors.

In a Manual Data Processing System,the Custody of Cash and the Recording