Examlex
Which of the following is a deficiency in internal control such that there is a reasonable possibility that a material misstatement of the entity's financial statements will not be prevented on a timely basis?
Journal
A record where all financial transactions are initially entered in chronological order.
Bank Reconciliation
The process of matching the balances in an entity's accounting records for a cash account to the corresponding information on a bank statement.
Balance Per Books
The ending balance of an account as recorded in the financial records of a company or individual.
Bank Reconciliation
The process of matching and comparing figures from accounting records against those shown on a bank statement.
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