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    Horngrens Accounting Study Set 2
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    Exam 8: Internal Control and Cash
  5. Question
    A Lock-Box System Reduces Theft and Places the Business's Cash
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A Lock-Box System Reduces Theft and Places the Business's Cash

Question 127

Question 127

True/False

A lock-box system reduces theft and places the business's cash in circulation faster than if the cash is collected and deposited by company personnel.

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