Cash consists of cash on hand and demand deposits. This includes coins, currency, and amounts on deposits in bank accounts, chequing accounts and some savings accounts.
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Q6: Chequing accounts are sometimes called savings accounts.
Q7: When preparing a bank reconciliation, adjustments are
Q8: Separation of duties divides responsibility for a
Q9: Cash equivalents are short-term investments that a
Q12: An internal control system is comprised of
Q13: Maintaining accurate records is an important internal
Q14: Firewalls and encryption can be used as
Q15: The use of internal controls provides guaranteed
Q15: Collusion occurs when a person embezzles money
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