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Question
effective internal control over cash includes the requirement that: multiple choice the person who makes deposits should not record the deposits. the same person who makes deposits should also record the deposits. only checks are used for payment of purchases. only checks are used for payment of purchases and the same person who makes deposits should also record the deposits.
Effective internal control over cash often involves segregation of duties. The person handling cash deposits should not be the one recording them to prevent fraud and errors. Checks are not the only form of payment for purchases in a business.
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The person who makes deposits should NOT record the deposits.