1. A bank reconciliation report should be prepared:

a) when the bank and company's cash balances are the same

b) only when a difference exists between the bank and company's cash balances

c) only upon a full moon

d) every month regardless of the cash balance amounts

2. An has a severe gambling habit. Which element of the fraud triangle is best illustrated in this situation?

a) rationalization

b) none of these

c) pressure

d) opportunity