Which of the Following Is an Essential Internal Control in the Cash

question 19

Multiple Choice

Which of the following is an essential internal control in the cash cycle?

• A)use of two signatures on payroll cheques and payables cheques
• B)independent receipt of the bank statement from the bank
• C)careful accounting of the continuity of cheques returned from the bank
• D)independent preparation of bank reconciliations

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Definitions:

Renal Corpuscle

Corpuscle that is composed of the glomerulus and the glomerular capsule. The filtration of blood occurs here.

Capillaries

The smallest blood vessels in the body's circulatory system, responsible for the exchange of water, oxygen, carbon dioxide, and many other nutrient and waste substances between blood and tissue cells.

Retroperitoneal

An anatomical term that means behind the peritoneal cavity. It is where the kidneys lie.

Peritoneal Cavity

An abdominal space that lies between the parietal peritoneum (lining of the abdominal wall) and the visceral peritoneum (covering of the internal organs).