The Procedures Designed to Ensure That the Cash Account on the Balance

question 84

Multiple Choice

The procedures designed to ensure that the cash account on the balance sheet reflects the actual amount of cash in the company's possession are referred to as

• A)compensating balances.
• B)record controls.
• C)physical controls.
• D)cash budgeting.

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Definitions:

Psychological

Pertaining to the mind or mental processes, involving aspects of cognitive, emotional, and social behavior and functions.

Personality Problems

Difficulties in the enduring pattern of thinking, feeling, and behaving that significantly deviate from the expectations of one's culture, causing distress or impaired functioning.

Problem Solving

Process of cognition that occurs when a goal must be reached by thinking and behaving in certain ways.

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