An Internal Stakeholder Is a Person or Group Who

question 16

Multiple Choice

An internal stakeholder is a person or group who

• A)exist outside the boundaries of the finn.
• B)is located in the same country in which the firm in located.
• C)is defmed as an "insider" in laws regulating fmancial markets.
• D)is "inside" the company,such as employees and owners.

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Definitions:

Deposits In Transit

Funds that have been deposited by a company but have not yet been recorded by the bank, often resulting in discrepancies in bank reconciliation.

Note Receivable

A financial asset representing a written promise to receive a specific amount of money from a debtor at a future date or on demand.

Bank Service Charge

Fees charged by banks for the use of their services, such as account maintenance and wire transfer fees.

Cash Short

A situation where the actual cash on hand is less than the expected amount, often detected through cash register or petty cash reconciliations.