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    Accounting Principles
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    Exam 8: Fraud, Internal Control, and Cash
  5. Question
    If a Company Deposits All Its Receipts in the Bank
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If a Company Deposits All Its Receipts in the Bank

Question 219

Question 219

True/False

If a company deposits all its receipts in the bank and pays all its bills by check then the monthly bank statement balance will always agree with the company's record of its checking account balance.

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