Which of the Following,when Prepared Correctly,ensures That All Cash Transactions

question 89

Multiple Choice

Which of the following,when prepared correctly,ensures that all cash transactions have been accounted for and that the bank and book records of cash are correct?

• A) bank reconciliation
• B) bank statement
• C) bank remittance
• D) setting up a lock-box system

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Definitions:

Passiveness

Exhibiting or characterized by submission or lack of participation; a tendency to be inactive or to not react in situations.

Assertive

Characterized by confidence and self-assurance in stating opinions or claims, often in a respectful and non-confrontational manner.

Firm

describes a solid or hard texture, not easily pressed into.

Respect

The act of valuing and considering the feelings, wishes, rights, or traditions of others.