Which of the Following Is Required for Effective Control of Cash

question 10

Multiple Choice

Which of the following is required for effective control of cash?

• A) A reconciliation of the bank balance with the cash balance be prepared twice a year.
• B) One person handles the receipts and disbursements of cash.
• C) Cash be deposited monthly in a bank.
• D) Cheques be pre-numbered.

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Definitions:

Mnemonic

A tool or strategy designed to assist in remembering information, such as a rhyme or an acronym.

Concrete Operational

A stage in Piaget's theory of cognitive development where children aged 7-12 years can logically think about concrete events.

Sensorimotor

A stage in Jean Piaget's theory of cognitive development where infants from birth to about 2 years old understand the world through sensory experiences and their motor actions.

Concrete Operational

A stage in Piaget's theory of cognitive development, where children aged 7-12 start to think logically about concrete events and understand the concept of conservation.