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KatRina [158]
2 years ago
12

nternal control is defined as the procedures and processes used by a company to safeguard its assets. process information accura

tely. ensure compliance with laws and regulations. All of these choices are correct.
Business
1 answer:
sweet-ann [11.9K]2 years ago
7 0

Internal control is defined as the procedures and processes used by a company to safeguard its assets, process information accurately and to ensure compliance with laws and regulations.

<h3>Internal control</h3>

Internal controls also include the measures a company takes to ensure its employees comply with all laws and regulations and do not steal company assets. Physical controls like door locks, area restrictions, safes and surveillance equipment are internal controls, too.

Internal controls are policies, procedures, and technical safeguards that protect an organization's assets by preventing errors and inappropriate actions. Internal controls fall into three broad categories: detective, preventative, and corrective.

To learn more about Internal controls visit the link

brainly.com/question/13678245

#SPJ4

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<u>Particulars                                                Amount</u>

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Less:

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Outstanding checks #303          ($95)

Outstanding checks #304          ($25)     ($300)

Bank balance adjusted                             $26,775

Cash balance on 31 Dec                             $26,504

Add: EFT from customer             $1,700

Add: Interest income                   $21            $1,721

Less: Posting error

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Less: NSF check                            $500     $1,400

Book balance adjusted                               $26,775

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