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Essay

Internal Cash Control

Essay specific features

 

Issue:

Business

 

Written by:

Jason C

 

Date added:

February 7, 2017

 

Level:

University

 

Grade:

A

 

No of pages / words:

4 / 939

 

Was viewed:

8669 times

 

Rating of current essay:

 
Essay content:

To ensure internal control over disbursement of cash a company must have prenumbered checks for record keeping purposes and must always keep their checks in a secure area where only specific people would have access. The next issue that needs to be addressed with Idaho Company is the establishment of responsibility when it comes to paying bills and having access to funds...
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In this scenario there are two people who have divided the responsibility of paying bills. Only the treasurer should have this responsibility and the person in charge of paying the bills should never be responsible for reconciling the payments. In order to inform Idaho Company of the breakdown in internal cash control within the company, the following memo was created: ------ Memo To: President of Idaho Company From: Justin D Lowe CC: Finance Manager Date: 9/6/2008 Re: Internal Cash Control Suggestions In order to help resolve Idaho Company’s internal cash control issues, Suggestions Inc...
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General issues of this essay:
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