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Exercise 10.26

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themathkid's version from 2015-11-23 16:07

Section

Question Answer
Take a physical inventory count and compare it to the inventory balance in the accounting system.Reconcile assets to accounts
The cashier does not have access to the accounting records.Segregation of duties
Security cameras Physical controls
The sales clerks in a retail store do not have access to the accounting system. Segregation of duties
Bank reconciliationsReconcile assets to accounts
Key cards to access officesPhysical controls
memorize

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