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Financial Accounting

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Give An Example of Poor Internal Control Over Cash

FINACT-FL9CL9

Which of the following activity is an example of a poor internal control over cash?

A

The general ledger accountant that records cash activity does not have accesss to cash.

B

One person is responsible for the bank reconciliations and they have no other cash-related duties.

C

A sales person takes the orders and then someone else collects the payment from the customer.

D

One person is responsible for handling cash related transactions.