menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Accounting Study Set 1
  4. Exam
    Exam 8: Internal Control and Cash
  5. Question
    The Primary Reason That Businesses Keep Their Cash in a Bank
Solved

The Primary Reason That Businesses Keep Their Cash in a Bank

Question 218

Question 218

True/False

The primary reason that businesses keep their cash in a bank account is the ability to earn interest.

Correct Answer:

verifed

Verified

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

Related Questions

Q213: Which of the following items are reconciling

Q214: Reducing expenses to increase operating profit is

Q215: Refer to the following bank reconciliation.<br> <img

Q216: There are three parties to a check:

Q217: Define internal control.

Q219: Match each term to its definition.<br>-Purchase Order<br>A)Sent

Q220: Strict internal controls must be implemented,regardless of

Q221: Which of the following describes the environment

Q222: Regarding Electronic Data Interchange (EDI),which of the

Q223: Electronic data interchange (EDI)allows a retailer's computers

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