According to the Agreement Between Great Britain and the People's

question 69

Multiple Choice

According to the agreement between Great Britain and the People's Republic of China

• A) the British were to leave in 1997, regardless of the welfare of the Hong Kong population.
• B) the Chinese agreed to permit a half-century of largely self-governing capitalism in Hong Kong, after British rule ended.
• C) the true nature of Hong Kong autonomy after the British left was not discussed.
• D) the People's Republican Government ended Hong Kong's capitalist system.
• E) Hong Kong was recognized as an independent nation by the People's Republic of China.

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Definitions:

Voucher System

An internal control mechanism in accounting, where documents (vouchers) are prepared for every transaction involving the payment of cash or transfer of funds.

Documentation

Written or electronic records that provide evidence of transactions, processes, or agreements.

Verification

The process of ensuring the accuracy and validity of data or documents.

Bank Reconciliation

A process that explains the difference between the bank balance shown in a company's bank statement and its financial records.