Preparing a Bank Reconciliation on a Monthly Basis Is an Example

question 120

Multiple Choice

Preparing a bank reconciliation on a monthly basis is an example of:

• A)Establishing responsibility.
• B)Separation of duties.
• C)Protecting assets by proving the accuracy of cash records.
• D)A technological control.
• E)Poor internal control.

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Definitions:

Selective Attention

The cognitive process of focusing on a specific aspect of information while simultaneously ignoring other perceivable information.

Alzheimer's Disease

A progressive neurodegenerative disorder characterized by memory loss, confusion, and a variety of cognitive disabilities.

Huntington's Disease

A hereditary condition resulting in the death of brain cells, leading to cognitive decline, muscle coordination problems, and psychiatric issues.

Parkinson's Disease

A chronic and progressive movement disorder, characterized by the degeneration of dopamine-producing neurons in the brain, leading to symptoms such as tremors, stiffness, and slow movement.