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The Most Common Source for Gathering Performance Ratings Is

question 27

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The most common source for gathering performance ratings is:

Identify items that require adjustment in a bank reconciliation and their effects on the balance per books and balance per bank.
Understand the roles and responsibilities in the management of cash disbursements and the importance of control activities such as segregation of duties and use of prenumbered cheques.
Differentiate between items that would and would not require an adjusting entry on the depositor's books.
Understand what constitutes cash and the classification of various cash items.

Definitions:

Wiggling

Moving with short, quick movements from side to side or up and down, often seen in small creatures or as a way to adjust position.

Parasitic

Describes organisms that live on or in a host organism and cause harm to the host.

Scavenging

The act of consuming dead or decaying organic material, a behavior observed in some animals, bacteria, and fungi.

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