Which of the following is NOT a reason why a bank reconciliation is necessary?
A) The company has transactions that the bank has not recorded.
B) Petty cash has a low balance.
C) The bank has transactions that the company has not recorded.
D) Reconciliations provide a control over cash.
Correct Answer:
Verified
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Q22: Which of the following would NOT represent
Q24: Having management periodically determine whether the amount
Q25: Checking actual outcome of individuals or processes
Q26: Which of the following is considered cash
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