The Essential Element of the Internal Control of Cash Is

question 42

Multiple Choice

The essential element of the internal control of cash is:

• A) a strong safe.
• B) a petty cash system.
• C) the bank reconciliation.
• D) the double entry accounting system.

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Definitions:

Mall

A large enclosed shopping area with a variety of stores and services in one or more buildings, providing a central location for consumers to shop.

Place Utility

The value added to products by having them where they are needed or wanted by consumers, thus enhancing customer satisfaction.

Location

Refers to a specific geographical place or position where something exists or occurs.

Raw Materials

The basic substances from which products are made, such as metals, textiles, or grains.