menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Fundamental Accounting Principles
  4. Exam
    Exam 7: Internal Control and Cash
  5. Question
    It Is Not Necessary for Businesses to Reconcile Their Chequing
Solved

It Is Not Necessary for Businesses to Reconcile Their Chequing

Question 8

Question 8

True/False

It is not necessary for businesses to reconcile their chequing accounts since banks keep accurate records and provide internal control support for cash.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q3: Z-Mart established a petty cash fund recently

Q4: The Cash Over and Short account<br>A) Is

Q5: The quick ratio differs from the current

Q6: In reimbursing the petty cash fund,<br>A) Cash

Q7: Internal control devices for banking activities include

Q9: Match each appropriate internal control principle(s) with

Q10: The acid-test ratio<br>A) Is also called the

Q11: Prepare the bank reconciliation for Swingset Company

Q12: All monies disbursed from petty cash should

Q13: The bank statement and relevant portions

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines