What procedures are important in the physical control of assets and accounting records? 1 answer below »

1. What procedures are important in the physical control of assets and accounting records?

2. What is the purpose of independent verification of performance?

3. What items are considered cash?

4. Why is cash more susceptible to theft or embezzlement than other assets?

5. Giving written copies of receipts to customers can help prevent what type of illegal acts?

6. What procedures can help to protect cash receipts?