XYZ Company has considerable cash collections on regular basis. The cashier receives the cash, records...
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Accounting
XYZ Company has considerable cash collections on regular basis. The cashier receives the cash, records it and then banks it at the end of each day. Since a single person is responsible for access to cash, the financial director is concerned that fraud and error may occur in cash handling and recording . Suggest the financial director several internal controls to prevent such errors or misappropriations? ( at least 4 controls)
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You can see the logs in the Dashboard.