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An Example of the Internal Control Principle of Establishing Responsibility

Question 41

Multiple Choice

An example of the internal control principle of establishing responsibility is:


A) assigning each cash drawer to only one employee establishing responsibility.
B) accepting only EFT payment because they are directly deposited into a company's bank account.
C) comparing the total on the cash receipts list with the stamped deposit slip received from the bank.
D) bonding employees.

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