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Question: Evaluating internal control over cash payments Gary's Great Cars purchases high-performance auto parts from a Nebraska vendor. Dave Simon, the accountant for Gary's, verifies receipt of merchandise and then prepares, signs, and mails the check to the vendor.

Requirements: 1. Identify the internal control weakness over cash payments.

2. What could the business do to correct the weakness?

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M92647616

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