owenbowers7104 owenbowers7104
  • 12-07-2017
  • Business
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Procedures designed to protect cash from theft and misuse from the time it is received until it can be deposited in a bank are called

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Erudite1
Erudite1 Erudite1
  • 19-07-2017
The procedures are called PREVENTIVE CONTROLS. Preventive controls are part of internal control which are purposely built into the system.There are many types of preventive controls, for instance, separation of purchasing and accounting personnel in a company is an example of preventive control. 
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