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College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter11: Accounting For Purchases And Cash Payments
Section: Chapter Questions
Problem 1TF
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An internal control is a system or strategy set up by the board to defend resources, advance responsibility, increment productivity, and stop deceitful conduct. At the end of the day, an inner control is a cycle set up to keep representatives from taking resources or submitting fraud.
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