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ACCT 312 Enhance teaching - tutorialrank.com

For more course tutorials visit www.tutorialrank.com ACCT 312 Final Exam Answers 3. (TCO 5) Internal Control Procedures are required to safeguard company assets and to ensure ethical operation of the business. (1) Explain how smart hiring practices can satisfy the purpose of internal control (15 points) and (2) provide an example of how this control could be implemented. (10 points) (Points : 25)1) Entering a transaction in the journal does not get the data into the ledger. Data must be copied to the ledgeru2014a process called posting. Debits in the journal are always posted as debits in the accounts, and likewise for credits. (Harrison 77)

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