3 Essay Questions Physical control is a key feature in an internal control system. Why is physical control such an important internal control?

3 Essay Questions Physical control is a key feature in an internal control system. Why is physical control such an important internal control? Give an example of physical control as an internal control.Describe the income statement. Why is this statement important to the company, creditors, and investors?Name and describe one solvency ratio. What does this ratio measure? What is the formula for this ratio?

Physical control is a key feature in an internal control system. Why is physical control such an important internal control? Give an example of physical control as an internal control.Answer:…

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