Question
Which of the following demonstrates a poor internal control procedure? Group of answer choices The president, who does no bookkeeping, prepares the bank reconciliation each
Which of the following demonstrates a poor internal control procedure?
Group of answer choices
The president, who does no bookkeeping, prepares the bank reconciliation each month
The treasurer signs all checks after the bookkeeper prepares the supporting documents
One bookkeeper prepares cash deposits and the other bookkeeper enters the collections in the journal and ledger
The bookkeeper makes cash deposits and records journal entries related to cash, while the treasurer prepares the bank reconciliation
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Intermediate Accounting
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
10th Edition
324300980, 978-0324300987
