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How Many of These Are Features of Good Internal Control

Question 2

Multiple Choice

How many of these are features of good internal control of cash payments?
Separation of record-keeping and the authority to sign cheques
The use of a business bank account allowing all major payments to be made by cheque or electronic transfer
Preparing regular bank reconciliation statements
The use of a petty cash fund to cover small incidental cash payments


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

Correct Answer:

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