Course Content
New Accounting Model (Exam-2009)
Books references: 1. Account Code (Volume III). 2. Chart of Accounts (Issued by CGA). 3. Manual Accounting Principles. 4. Accounting Policies and Procedures Manual.
Private: DAO Part-I Examination 2024 (Fresh Candidates) Past Papers
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Q. 3: Write note on Security Aspects of Handling and Storing Money?


Security Aspects of Handling and Storing Money: Handling and storing money involves several security considerations to protect both individuals and businesses. Here are some key aspects:

  1. Physical Security Measures:

    • Safe Storage: Keep cash in secure safes or vaults to prevent theft.
    • Limited Access: Restrict access to authorized personnel only.
    • Security Cameras: Install surveillance cameras to monitor cash handling areas.
    • Alarms and Locks: Use alarms and robust locks to deter unauthorized entry.
  2. Transportation Security:

    • When moving cash, use armored vehicles or security services.
    • Avoid predictable routes and schedules to prevent targeting by criminals.
  3. Employee Training:

    • Train employees on safe cash handling procedures.
    • Educate them about the risks and importance of security.
  4. Digital Security:

    • Protect digital records and transactions with strong passwords and encryption.
    • Regularly update software to prevent cyber threats.
  5. Risk Assessment:

    • Identify vulnerabilities and assess risks related to cash handling.
    • Implement appropriate controls to mitigate risks.
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