How many of these are features of good internal control of cash payments?
1. separation of record-keeping and the authority to sign cheques
2. the use of pre-numbered cheques
3. preparing regular bank reconciliation statements
4. one person having responsibility for all aspects of a cash payment
A) One
B) Two
C) Three
D) Four
Correct Answer:
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Q2: Which of these is not a principle
Q3: The deposit column of Jeremy Company's bank
Q3: Which of these does not represent proper
Q4: When reconciling the ledger with the bank
Q5: While preparing the bank reconciliation Sara discovered
Q6: The Cash Short and Over ledger account,which
Q7: When reconciling a bank account with a
Q10: The bank statement of a business shows
Q11: Which statement relating to dishonoured cheques is
Q56: Which of these is not an essential
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