Which One Is Not a Safeguard for Account Reconciliation to Avoid

question 14

Multiple Choice

Which one is not a safeguard for account reconciliation to avoid mistakes -

• A) saving a reconciliation transaction before posting
• B) printing the general ledger or bank transactions report for the bank account
• C) using deposit slip numbers to clear transactions
• D) naming and linking reconciliation accounts

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Definitions:

Site Selection

The process of choosing a new location for a business or facility based on criteria such as cost, logistics, market demand, and legal considerations.

Indirect

Refers to something not directly aimed at or achieved, often involving an intermediary step or process.

Distribution Channel

A pathway through which goods and services travel from the producer to the consumer, potentially involving various intermediaries.

Geodemographic Segmentation

A market research technique that classifies people based on their geographic location and demographic characteristics.