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    Business
  3. Study Set
    College Accounting
  4. Exam
    Exam 9: Cash Receipts, Cash Payments, and Banking Procedures
  5. Question
    A Strong System of Internal Control Requires That All Payments
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A Strong System of Internal Control Requires That All Payments

Question 43

Question 43

True/False

A strong system of internal control requires that all payments be made by check except those made from a carefully controlled cash fund, such as a petty cash fund.

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