Multiple Choice
Which of the following is NOT a significant feature of a system of internal control over cash?
A) Two staff members should sign cheques.
B) The person who does bank reconciliations should not be the cashier.
C) The staff member responsible for approving invoices for payment should sign cheques.
D) Bank reconciliation statements are prepared at regular intervals.
Correct Answer:
Verified
Correct Answer:
Verified
Q9: Which of the following is NOT true
Q10: Simon Ltd's bank statement showed a credit
Q11: Included in the bank statement was a
Q12: In preparing a bank reconciliation statement for
Q13: In preparing a bank reconciliation statement for
Q14: Which of the following is NOT correct?
Q15: In terms of an effective internal control
Q16: In preparing a bank reconciliation statement for
Q18: In preparing a bank reconciliation statement for
Q19: Which of the following is NOT a