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Question: Quantity Dairy which has three cashiers on duty at all times. All three have access to the same cash drawer. Which principle of internal control does this violate?

A) Separate recordkeeping form custody of assets.

B) Establish responsibility.

C) Apply technological controls.

D) Maintain adequate records.

E) Perform regular and independent reviews.

F) Insure assets and bond key employees

G) Divide responsibility for related transactions.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92569969

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