Multiple Choice
Which of the following is NOT a significant feature of a system of internal control over cash?
A) More than one person opens mail.
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
Q23: Indicate which of the features of an
Q24: In preparing a bank reconciliation statement for
Q25: Simon Ltd's bank statement showed a credit
Q26: Included in the bank statement was
Q27: Included in the bank statement was
Q29: In preparing a bank reconciliation statement for
Q30: On 30 June,the petty cash fund
Q31: Which of the following is NOT a
Q32: Which of the following is NOT a
Q33: In preparing a bank reconciliation statement for