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Your student club recently volunteered to go door- to- door collecting cash donations on behalf of a local charity. The charity's accountant went berserk when you said you wrote receipts only for donors who asked for one.

Required:

Identify the control principle that you violated and explain how that violation could allow fraud to occur. What controls might be appropriate to use in the future?

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M91545537
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