Which internal control principles you think are important, Accounting Basics

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Which internal control principles you think are important

Problem

Define a bank reconciliation and why they are done. Why are they important to the company? Discuss which internal control principles you think are the most important to safeguard cash receipts and cash payments and explain why. Explain the limitations that internal controls have on cash receipts and payments in a company.

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Accounting Basics: Which internal control principles you think are important

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