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Which internal control procedure is violated when the cashier at the checkout stand also records the daily receipts in the jo
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Answer #1

Ans. A. Segregation of duties is correct Answer

Explanation:

Cash counting and Spending , and recording in the books of accounts should not be a same person as it may lead to misappropriation or misuse of cash....etc because same person is controlling all relating to cash which leads to taking up of cash positions and may show the cash delays even it is received from the borrowers or debtors etc..

Segregation of duties of internal control procedure is violated when the cashier at the checkout stand also records the daily receipts in the journal

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