Which of the Following Is Not an Independent Verification Related

question 49

Multiple Choice

Which of the following is not an independent verification related to cash disbursements?

• A)The cash disbursements journal is reconciled to the general ledger.
• B)The stock of unused checks should be adequately secured and controlled.
• C)The bank statement is reconciled on a monthly basis.
• D)The accounts payable subsidiary ledger is reconciled to the general ledger.

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Definitions:

Inseparability

A characteristic of services that denotes the simultaneous production and consumption, meaning the service cannot be separated from its provider.

Off-Peak Pricing

Pricing strategy that offers lower prices during times of less demand to encourage usage or purchase during those times.

Matinee Movie Pricing

Reduced pricing offered for movie showings that take place during the daytime, typically before 5 PM.

Off-Peak Pricing

A pricing strategy that offers lower prices during times of less demand to encourage usage or purchases during these periods.