Multiple Choice
Which of the following is not an independent verification related to cash disbursements?
A) The cash disbursements journal is reconciled to the general ledger.
B) The stock of unused checks should be adequately secured and controlled.
C) The bank statement is reconciled on a monthly basis.
D) The accounts payable subsidiary ledger is reconciled to the general ledger.
Correct Answer:
Verified
Correct Answer:
Verified
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