Effective Cash Control Systems
Which of the following exemplifies an effective internal control system for cash?
A
A company that assigns one employee to conduct random audits of cash transactions performed by others.
B
A company that implements a strict separation of duties for handling cash.
C
A company that designates a single employee to process all cash transactions independently.
D
A company that relies on a single highly trustworthy employee to manage cash transactions.
E
A company in which the business owner handles all cash transactions.
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