counting Quiz 2-Chapters 6 and 7 O Apply technological controls. D Question 6 2 pts The three parties involved with a check are: O The writer, the cashier, and the bank. O The maker, the payee, and the bank. O The maker, the manager, and the payee. 0 The bookkeeper, the payee, and the bank. The signer, the cashier, and the company. D Question 7 2 pts A bank statement provided by the bank includes: Question 7 A bank statement provided by the bank includes: O A list of outstanding checks O A list of petty cash amounts O The beginning and the ending balance of the depositor's account. A listing of deposits in transit. A reconciliation to the depositor cash account. DQuestion 8 Preparing a bank reconciliation on a monthly basis is an example of: Establishing responsibility Separation of duties Protecting assets by proving the accuracy of cash records. O A technological control O Poor internal control Poor intrnl contro Question 9 2 pts An income statement account that is used to record cash overages and cash shortages arising from petty cash transactions or from errors in making change is titled: O Cash Lost. Bank Reconciliation. O Petty Cash. O Cash Over and Short. O Cash Receivable. 2 pts Question 10 Question 10 2 p Internal control procedures for cash receipts do not require that: O Custody over cash is kept separate from its recordkeeping. O All collections for sales are received immediately upon making the sales O Clerks having access to cash in a cash register should not have access to the register tape or file. O An employee with no access to cash receipts should compare the total cash recorded by the register with the record of cash receipts reported by the cashier. O Cash sales should be recorded on a cash register at the time of each sale. 2 pt Question 11