Which of the Following Is a Benefit of Internet Banking

question 73

Multiple Choice

Which of the following is a benefit of internet banking?

• A)The business can reduce its internal controls over cash receipts.
• B)The bank reconciliation is not necessary.
• C)The business can reconcile with the bank's balance at any time.
• D)A company's book balance will always equal the bank's balance.

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Definitions:

Goods Manufactured

The total number of finished products produced by a business within a specific period.

Goods Sold

The quantity of products sold within a specific period, reflecting the company's sales performance.

Direct Materials Cost

The expense of basic materials and parts directly utilized in manufacturing products.

Raw Materials

Basic materials and substances used in the initial stages of production or manufacturing.