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ste checks in the amount of $28,000. In 32. In the month of May, Kijak Company Inc. wrote checks in the amount of June, check
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32 A. $3000 28000-25000
33 C. Petty Cash Petty cash are classified under Current Asset in Balance Sheet
34 B. Combining of Duties The principles of internal control include segregation of duties
35 B. Segregation of Duties When different individuals receive cash, hold the cash receipts and the cash is called Segregation of Duties.
36 C. The collection of a note receivable for the depositor by the bank
37 1. Segregation of Duties
2. Documentation Procedures
3. Establishment of Responsibilty
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