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    Business
  3. Study Set
    Auditing Assurance Services
  4. Exam
    Exam 16: Audit of transaction cycles and financial statement balances II
  5. Question
    Who Should Prepare the Bank Reconciliation
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Who Should Prepare the Bank Reconciliation

Question 40

Question 40

Multiple Choice

Who should prepare the bank reconciliation?


A) someone independent of handling or recording cash receipts
B) someone independent of handling cash receipts and cash payments
C) the finance manager
D) someone independent of the finance manager

Correct Answer:

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