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A heavy book is placed on top of a ball of pizza dough,causing the dough to flatten.This is an application of
Internal Control
Procedures and measures adopted within an organization to safeguard its assets, ensure accurate and reliable financial reporting, and comply with laws and regulations.
Bank Reconciliation
The process of comparing and adjusting the balance of an account as reported by a bank with the balance in the company’s records.
Internal Control
Processes designed to ensure the reliability of financial reporting, effectiveness and efficiency of operations, and compliance with laws and regulations.
Income Statement
An income statement is a financial statement that shows a company's revenues and expenses over a specific period of time, ultimately revealing the company’s profit or loss.
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