Which of the Following Is Not a Reason for Preparing

question 88

Multiple Choice

Which of the following is not a reason for preparing a bank reconciliation?

• A)It explains differences between cash in the general ledger and cash on the bank statement.
• B)It is necessary in order to prevent fraud committed by employees.
• C)It is helpful in identifying any errors made by the bank.
• D)It is helpful in identifying any bookkeeping errors made in the general ledger.

Recognize the operational methods and target selections of professional and opportunist robbers.

Evaluate the role of weapons in the execution and consequences of robbery.

Discern the relationship between economic conditions and the rate of robberies.

Understand the characteristics and motivations behind shoplifting and burglary.

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Definitions:

Money Supply

Currency, checking deposits, and checklike deposits (M or M1).

Exchange Rate

The value of one currency for the purpose of conversion to another currency, determining how much one currency is worth in terms of another.

Pesos Per Dollar

A currency exchange rate that shows how many Mexican pesos can be exchanged for one US dollar.

U.S. Economy

The economic system of the United States, characterized by private enterprise, a variety of industries, advanced technology, and a complex system of goods and services production and distribution.