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Other Fields Homework Help Accounting Topic started by: texasmade2550 on Jul 24, 2022



Title: Which of the following statements ismostcorrect with respect to separation of duties?
Post by: texasmade2550 on Jul 24, 2022
Which of the following statements is most correct with respect to separation of duties?

▸ A person who has temporary or permanent custody of an asset should account for that asset.

▸ Employees who authorize transactions should not have custody of the related assets.

▸ Employees who open cash receipts should record the amounts in the subsidiary ledgers.

▸ Employees who authorize transactions should have recording responsibility for these transactions.


Title: Which of the following statements ismostcorrect with respect to separation of duties?
Post by: penmc on Jul 24, 2022
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