Write the Meaning of the Abbreviation on the Line

question 14

Short Answer

Write the meaning of the abbreviation on the line.
-FBG, FBS ___________________________

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Definitions:

Internal Control

A system of policies, procedures, and measures designed to protect assets, ensure accurate financial reporting, compliance with laws and regulations, and achieve effective and efficient operations.

Safeguarded Assets

Assets that are protected against loss, theft, or unauthorized use through various security measures and controls.

Accurate Business Information

Reliable, precise, and up-to-date data or facts about a company's operations, financials, and strategy, crucial for decision-making.

Petty Cash Receipts

Documents that record cash payments from a petty cash fund, used to manage small and incidental expenses.