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Which is not true about reconciliation of monthly bank statements? The employee responsible for bank deposits.should reconcile bank statements. Statements from the bank should come
Which is not true about reconciliation of monthly bank statements?
The employee responsible for bank deposits.should reconcile bank statements.
Statements from the bank should come unopened to an employee having no part in authorizing or accounting for cash transactions.
They are essential to adequate internal control over cash receipts.
They are essential to adequate internal control over cash disbursements.
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