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What Might a Potential Employer Do to Get to Know

question 26

Multiple Choice

What might a potential employer do to get to know you on a professional level?

Comprehend the process and importance of bank reconciliations.
Understand procedural documents involved in purchasing and cash management processes.
Recognize the accounting treatment of petty cash adjustments and cash over or short situations.
Grasp the inaccuracies that can arise from not following proper internal control procedures.

Definitions:

Liability

The state of being responsible or legally obligated to settle a debt or fulfill a contractual agreement; also refers to any form of legal obligation.

Sole Proprietorship

A type of enterprise that is owned and run by one person and in which there is no legal distinction between the owner and the business entity.

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