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An employee who makes a sale, ships the goods and bills the customer violates which control activity?

  1. A Assignment of responsibility
  2. B Segregation of duties
  3. C Review and reconciliation
  4. D Physical safeguarding
Answer

Segregation of duties

Segregation of duties requires that authorisation, custody of assets and record-keeping are handled by different people so that no one person can both commit and conceal an error or fraud.

All Accounting MCQs

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