Question
5. The document that accompanies a payment to explain the reason for the payment is a(n) A. remittance advice B. bank reconciliation C. electronic fund
5. The document that accompanies a payment to explain the reason for the payment is a(n)
A. remittance advice
B. bank reconciliation
C. electronic fund transfer
D. lock-box document
6. Which of the following is not a component of internal control?
A. Environment
B. Information system
C. Risk assessment
D. Audits
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Principles Of Financial Accounting
Authors: Jerry J. Weygandt, Lorena Mitrione, Michaela Rankin, Keryn Chalmers, Paul D. Kimmel
3rd Edition
0730302296, 978-0730302292
