ACC 300 Week 4 DQS


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ACC 300 Week 4 DQS

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DQ 1
What is the purpose of internal control? Why is internal control important? How might internal controls help or hinder a company’s success?
 
 
 
DQ 2
 
What are possible reasons for a difference between an organization’s accounting records compared with the supplied bank statement? What are examples of an over and under statement of accounting records when comparing the bank statement? Why must an organization adjust its entries if there is no accounting error present? Explain your answer. 

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