To obtain maximum benefit from a bank reconciliation, the reconciliation should be prepared by an employee who has no other responsibilities pertaining to cash.

Name: To obtain maximum benefit from a bank reconciliation, the reconciliation should be prepared by an employee who has no other responsibilities pertaining to cash.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The person who prepares the bank reconciliation should have no other responsibilities pertaining to cash to ensure objectivity and accuracy in the reconciliation process.

To Obtain Maximum Benefit from a Bank Reconciliation, the Reconciliation