With managing cash we dont want to give one person control, Ask an Expert

Accounting

With managing cash we don't want to give one person control over enough functions in the business where they have the ability to take cash and also cover up the fact that they took it. For example, someone who receives payment by mail shouild not also have the abilty to write off a bad debt is uncollectible. What is the risk for this class.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9406725

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