Which of the Following Statements Is True

question 33

Multiple Choice

Which of the following statements is true?

• A)Good cash management practices dictate that a company should maintain as large a balance as possible in its Cash account.
• B)Sound internal control practice dictates that all cash payments should be made by check.
• C)The person handling the cash should also prepare the bank reconciliation.
• D)Petty cash can be substituted for a checking account to expedite the payment of all disbursements.

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Definitions:

Disruptive Behavior

Repeated actions that interrupt the normal flow of operations or activities, often causing disturbances or problems.

Parent/Child Communication

This refers to the exchange of information, emotions, and ideas between a parent and their child, influencing the child's development and emotional well-being.

Directives

Instructions or orders issued by an authority, guiding the behavior or actions of individuals or organizations.

Compliance

The act of conforming to laws, regulations, or standards, or acquiescing to a request or demand.