The Person Who Prepares the Bank Reconciliation

question 40

Multiple Choice

The person who prepares the bank reconciliation:

• A)should also be responsible for cash receipts.
• B)should also be responsible for cash disbursements.
• C)should be responsible for both cash receipts and cash disbursements.
• D)should have no other cash duties.

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Definitions:

Forecasting Envelope

A method used to predict the future range of possible outcomes for various scenarios, often used in planning and budgeting.

Projection

A forecast or estimate of future situation or trend based on a study of present conditions.

Contingency Plans

Preparatory measures designed to help organizations rapidly respond to unexpected events or emergencies.

HR Forecasting Predictions

Estimations made about future human resources needs based on current data, trends, and analysis to guide hiring and workforce development practices.