Question 18 Outstanding checks have: o been recorded by both the bank and the company. o been recorded by the bank but not yet by the company. o been recorded by the company but not yet by the bank. o not been recorded by the bank or the company. Question 22 An example of the internal control principle of establishing responsibility is: O accepting only EFT payment because they are directly deposited into a company's bank account. o bonding employees. assigning each cash drawer to only one employee establishing responsibility. o comparing the total on the cash receipts list with the stamped deposit slip received from the bank