An Internal Report Prepared to Verify the Accuracy of Both

question 172

Multiple Choice

An internal report prepared to verify the accuracy of both the bank statement and the cash accounts of a business or individual is a(n) :

• A)internal audit.
• B)bank reconciliation.
• C)bank audit.
• D)trial reconciliation.

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Definitions:

Emotional

Pertaining to feelings or their expression, often relating to one's psychological state or well-being.

Conventional Level

A stage in Kohlberg's theory of moral development where moral reasoning is based on conformity to societal standards and laws.

Moral Thinking

The process of determining right from wrong, making ethical decisions based on principles of fairness, justice, and societal norms.

Nonconventional

Refers to methods, ideas, or practices that do not conform to the accepted or traditional standards.