what is internal check? what are its advantages
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It's an accounting procedure whereby routine entries for transactions are handled by employees in such a manner that the work of one employee is automatically checked against the work of another for detection of errors and irregularities.
It finds out errors and frauds which increase the morale of honest staffs. It helps to increase the production and reduce the cost. So, it helps to increase sales and profits.
It finds out errors and frauds which increase the morale of honest staffs. It helps to increase the production and reduce the cost. So, it helps to increase sales and profits.
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