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What is NOT a related measure for internal control? Ensure accurate, reliable accounting records. Encourage employees to follow company polices. Promote financial efficiency Safeguard assets

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What is NOT a related measure for internal control? Ensure accurate, reliable accounting records. Encourage employees to follow company polices. Promote financial efficiency Safeguard assets What is true about the book side of a bank reconciliation? NSF checks are added. None of the choices are true. Service charges are deducted. Interest revenue is deducted. What is NOT true about a lock-box system? All the choices are true. Company personnel never touches the incoming cash. A bank employee empties the box weekly and records the deposits into the company's bank account. Customers send their payments to a post office box that belongs to a bank. What item is on the Bank side of a Bank reconciliation? NSF check Service charge EFT receipt from the customer Outstanding checks Journal entries will have to made for which adjustment in a bank reconciliation? Beginning book balance Interest earned Outstanding checks Deposits in transit

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