Which of the Following Is a Reason That Businesses Use

question 7

Multiple Choice

Which of the following is a reason that businesses use bank accounts as part of their internal control measures.

• A) The bank records incoming checks as liabilities.
• B) Customer's returned checks can be charged an NSF fee.
• C) Bank accounts are an independent record of cash transactions.
• D) Differences between the company balance and the bank balance will automatically indicate fraud.

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Definitions:

Résumé

A document created by a person to present their background, skills, and accomplishments for securing new employment.

Coordinator

An individual responsible for organizing and managing various tasks and activities to ensure they are completed efficiently.

Health Records

Documented records containing a patient's medical history, treatment records, diagnoses, and other health information.

Criminal Background Check

A process of looking up and compiling criminal records, commercial records, and financial records of an individual or an organization.