The control features of a bank account do not include: (a) having bank auditors verify the correctness

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The control features of a bank account do not include:

(a) having bank auditors verify the correctness of the bank balance per books.

(b) minimizing the amount of cash that must be kept on hand.

(c) providing a double record of all bank trans- actions.

(d) safeguarding cash by using a bank as a de- pository.

AppendixLO1

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Financial Accounting Tools For Business Decision Making

ISBN: 9780471691952

3rd Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Question Posted: Jul 23, 2024 07:02 AM

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The control features of a bank account do not include: (a) having bank auditors verify the correctness

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Financial Accounting Tools For Business Decision Making

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