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Internal Control Listed below are four potential errors or problems that could occur in the processing of cash transactions. Review each error or problem and using the drop-down answer box located beneath each one, identify an internal control principle that could reduce the chance of the error or problem occurring. Select "None" if none of the principles will correct the error or problem. 1. An employee steals cash collected from a customer's accounts receivabl the theft by issuing a credit memorandum indicating the customer returned the merchandise. 2. An official with authority to sign checks is able to steal blank checks and 3. Due to a labor shortage many employees are hired without sufficient skills with the th 3. Due to a labor shortage many employees are hired without sufficient skills with the thought they can "learn on the job." 4. A salesperson often rings up a sale for less than the actual amount and then pockets the additional cash collected from the customer. Check Internal Control Listed below are four potential errors or problems that could occur in the processing of cash transactions. Review each error or problem and using the drop-down answer box located beneath each one, identify an internal control principle that could reduce the chance of the error or problem occurring. Select "None" if none of the principles will correct the error or problem. 1. An employee steals cash collected from a customer's accounts receivabl the theft by issuing a credit memorandum indicating the customer returned the merchandise. 2. An official with authority to sign checks is able to steal blank checks and 3. Due to a labor shortage many employees are hired without sufficient skills with the th 3. Due to a labor shortage many employees are hired without sufficient skills with the thought they can "learn on the job." 4. A salesperson often rings up a sale for less than the actual amount and then pockets the additional cash collected from the customer. Check

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