10. Procedures requiring that the recording of asset transactions be separated from the custody of those assets: A. Will uncover collusion among employees. B. Are important only in very large businesses. C. Are especially important in handling eash and negotiable items: D. Make it easy for an employee to cover up the theft of an asset. E. None of these, 11 After completing a bank reconciliation, you are preparing journal entries to adjust the firm's cash account balance to agree with the adjusted balance shown on the reconciliation. Which of the following requires a journal entry? A. Deposits in transit at the end of the period. B. Outstanding checks at the end of the period. C. An error by the bank in recording one of the firm's deposits: D. An "NSF" check E. None of these