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solve Rolling Hills Ltd. has the following internal controls...

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Accounting

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Rolling Hills Ltd. has the following internal controls over cash payments. Identify the control activity that is applicable to each procedure. Company cheques are prenumbered. The bank statement is reconciled monthly by the assistant controller. 3. Blank cheques are stored in a safe in the controller's office. 4. Both the controller and the assistant controller are required to sign cheques or authorize electronic payments. Cheque signers are not allowed to record cash payments. All payments are made by cheque or electronic transfer

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