1. (a) Name and describe the five elements of internal control. (b) Is any one element of internal control more important than another? 2. Why should the employee who handles cash receipts not have the responsibility for maintaining the accounts receivable records? Explain. 3. The ticket seller at a movie theater doubles as a ticket taker for a few minutes each day while the ticket taker is on a break. Which control procedure of a business’s system of internal control is violated in this situation?
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