Proving cash (balancing a cash register drawer) is an important type of internal control.

Name: Proving cash (balancing a cash register drawer) is an important type of internal control.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Proving cash, or balancing a cash register drawer, is a critical internal control measure to ensure that the amount of cash received matches the amount recorded in the system. It helps detect and prevent errors or fraudulent activities, and ensures the accuracy and completeness of financial records.

Proving Cash (Balancing a Cash Register Drawer) Is an Important