What are generally practiced controls for cash, Accounting Basics

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What are generally practiced controls for cash

Response to the following questions:

1. Why is it important to have separate sales returns and allowances and sales discounts accounts? Wouldn't it be much easier to directly reduce the sales revenue account for these adjustments?

2. Why do companies usually have more controls for cash than for other assets?

3. What are three generally practiced controls for cash, and what is the purpose of each control?

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Accounting Basics: What are generally practiced controls for cash

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Accounting Basics: What are generally practiced controls for cash

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