Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. chapter 8 talks not only about the cash but also a

Chapter 8 talks not only about the Cash but also about internal controls. Internal controls...

70.2K

Verified Solution

Question

Accounting

Chapter 8 talks not only about the Cash but also about internal controls. Internal controls are helpful in uncovering not only theft but also honest mistakes or inadequate training. Internal controls are also used to comply with various government regulations.

Question: Explain (in three or four sentences) how one of the principles of Internal Control that was discussed in the chapter can be useful in proper operations of the company.

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

Programming
1.2K views

Explain what happens in the Lomuto partition when there is a lot of the same elements...

Basic Math
1.2K views

Why are sampling distributions important to the study of inferential statistics? In your answer, demonstrate your understanding...

Basic Math
1.2K views

A researcher wants to study the relationship between salary and gender. She randomly selects 330 ......

Accounting
1.2K views

Discuss the importance of and various types of performance measures that management can use to focus...

Physics
1.2K views

16 A gas enclosed in a chamber passes through the cycle as shown Determine the...

Calculus
1.2K views

Given u 12 5 and v 3 9 what is projvu 27 10 10 54...

Accounting
1.2K views

please help P11-2 Recording Transactions Affecting Shareholders' Equity...

Accounting
1.2K views

Principal Managerial Chapter 8 x Data table Direct materials...

Accounting
1.2K views

900 Varcoe Corporation bases its budgets on the activity measure customers served. During September, the...

Accounting
1.2K views

What is the main difference between auditing and accounting. What is the difference between an...

Accounting
1.2K views

Fletcher Company collected the following data regarding production of one of its products. Compute the...

Finance
1.2K views

You are the Financial Manager at a local theme park See-World and have been asked...