Which of the Following Is an Internal Control Procedure Used

question 20

Multiple Choice

Which of the following is an internal control procedure used to safeguard a company's assets?

• A)Timely deposits of cash receipts into a checking account.
• B)Separation of duties.
• C)Reconciliation of the bank statement.
• D)All of these answer choices are correct.

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Definitions:

African Methodist Episcopal Church

A predominantly African American Methodist denomination founded in the early 19th century in the United States, emphasizing freedom from discrimination.

Patron

An individual or organization that provides support, financial or otherwise, to artists, causes, or institutions.

Jarena Lee

An African American woman who is recognized as the first female preacher in the African Methodist Episcopal Church, breaking barriers in the early 19th century.

Black Proponents

Individuals who actively support or advocate for the advancement, rights, or causes of Black communities and individuals.