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Which of the following is a reason that businesses use bank accounts as part of their internal control measures. a . Bank accounts are an
Which of the following is a reason that businesses use bank accounts as part of their internal control measures.
a Bank accounts are an independent record of cash transactions.
b Differences between the company balance and the bank balance will automatically indicate fraud.
c Customer's returned checks can be charged an NSF fee.
d The bank records incoming checks as liabilities.
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