Question 7 View Policies Current Attempt in Progress Separation of duties means O one person receives cash and one person signs cheques. O one person signs cheques and orders goods. one person enters transactions and signs cheques. O one person receives cash and reconciles the bank. e Textbook and Media Save for Later = Question 5 View Policies Current Attempt in Progress Bank reconciliations are not O an important cash control. to be completed by all companies. o sufficient to determine fraud. O useful. e Textbook and Media Question 4 View Policies Current Attempt in Progress Quick assets are O inventory plus cash and prepaid expenses. O current assets plus current liabilities. O current assets less prepaid expenses. O current assets less inventory and prepaid expenses. e Textbook and Media