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How Many of These Are Features of Good Internal Control

Question 21

Multiple Choice

How many of these are features of good internal control of cash payments?
1. separation of record-keeping and the authority to sign cheques
2. the use of pre-numbered cheques
3. preparing regular bank reconciliation statements
4. one person having responsibility for all aspects of a cash payment


A) One
B) Two
C) Three
D) Four

Correct Answer:

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