7 4 points Which of the following is an internal control procedure used...

50.1K

Verified Solution

Question

Accounting

7
4 points
Which of the following is an internal control procedure used to safeguard a company's assets?
Separation of duties
All of these answer choices are correct.
Nimely deposits of cash receipts into a checking account
Reconciliation of the bank statement
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students