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Flashcards in Statement - Safekeeping Records Deck (5)
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1

What is a way to Backup Journal and Ledgers?

Can be kept in a fireproof vault or in a secure office

2

What is a way to back up Accounting Records on a computer system?

all important files backed up each night and kept in a fireproof vault or taken off site by a designated employee

3

What is a way to back up all records that cannot be replaced easily in the case of a fire

Insurance to cover the loss and replacement of such records.

4

What is a way to back up Handling of cash by employees and transporting cash to bank.

Bonding of employees and insurance to cover loss or theft of cash.

5

What is a way to back up way of Recording of all bookkeeping records.

Regular holidays taken by all employees, so that another employee can check the work of an employee during holiday periods.