One of the internal control tools to verify a company's cash balance is the bank reconciliation.

Name: One of the internal control tools to verify a company's cash balance is the bank reconciliation.
Brand: Quizplus
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Quizplus · Accepted Answer

The bank reconciliation is indeed an internal control tool used to verify a company's cash balance by comparing the company's cash records with those of the bank. This helps identify any discrepancies and errors, and ensures that the company's cash balance is accurate and up-to-date.

One of the Internal Control Tools to Verify a Company's