Examlex
Match the following choices with the correct statement as each relates to quality management.
-A value of 1 is ideal.
Internal Control Principles
Guidelines that govern the design and implementation of systems and procedures to ensure asset protection, data accuracy, and operational efficiency.
Possible Errors
Mistakes or inaccuracies that might occur in the recording or reporting of financial transactions.
Bank Reconciliation
The process of matching and comparing figures from the accounting records against those shown on a bank statement to ensure they are in agreement.
Cash Balance
The amount of cash that a company, individual, or account has available at any given point in time.
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