6-10 are true or false questions

6. Checks received in the mail should be immediately stamped "NSF" to prevent unauthorized cashing of the check 7. 8. Electronic Funds Transfer (EFT) is a disbursement system that uses telephone or computer to transfer cash from one location to another. A deposit ticket is a negotiable instrument that can be transferred to another party by endorsement. A debit memorandum could show the collection of a note receivable by the bank. 9. 10. If a company deposits all its receipts in the bank and pays all its bills by check, then the monthly bank statement balance will always agree with the company's record of its checking account balance MULTIPLE CHOICE QUESTIONS Which is not included in cash? a. Checks. b. Money orders. C. Marketable securities with a maturity of 3 months or less. d. Money on deposit at a savings and loan. 11. Which statement about cash is not true? a. A main goal of an internal control system is to protect assets other than cash. b. Cash is the one asset that is readily convertible into any other type of asset. C. Cash is easily concealed and transported and is highly desired. d. Cash is the asset most susceptible to fraudulent activities