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Ipatiy [6.2K]
3 years ago
10

In a properly designed internal accounting control system, the same employee should not be permitted to:

Business
1 answer:
yawa3891 [41]3 years ago
8 0
In a business world, segregation of duties is important to have a sound internal control.  The employee handing cash/check collection is prohibited from updating its customer's subsidiary ledger and recording of transactions in the books.  This will eliminate fraud and misappropriation of funds.  
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