29. Internal controls are concerned with. a. only manual systems of accounting. b. the extent of government regulations. c. safeguarding assets. d. preparing income tax returns. 30. Internal control is defined, in part, as a plan that safeguards a. all balance sheet accounts. b. assets. c. liabilities. d. capital stock. Which of the following is not an internal control procedure for cash? a. Payments should be made with cash. b. There should be limited access to cash. c. The amount of cash on hand should be kept to a minimum. d. Cash should be deposited daily. 31 A bank reconciliation should be prepared a. whenever the bank refuses to lend the company money b. when an employce is suspected of fraud. to explain any difference between the depositor's balance per books with the balance per bank. d. by the person who is authorized to sign checks. 32. C. hank 209