Question
1. Which of the following internal control procedures should be implemented to control cash? a. Disbursements by prenumbered checks b. Depositing cash receipts in the
1. Which of the following internal control procedures should be implemented to control cash?
a. Disbursements by prenumbered checks
b. Depositing cash receipts in the bank on a timely basis
c. Providing copies of written receipts to customers
d. All of these answer choices are correct
2. Preparing a bank reconciliation is a control activity.
a. true
b. false
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Financial Accounting Tools For Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine, Christopher D. Burnley
8th Canadian Edition
111959457X, 978-1119594574
