Question: 5. The document that accompanies a payment to explain the reason for the payment is a(n) A. remittance advice B. bank reconciliation C. electronic fund

5. The document that accompanies a payment to explain the reason for the payment is a(n)

A. remittance advice

B. bank reconciliation

C. electronic fund transfer

D. lock-box document

6. Which of the following is not a component of internal control?

A. Environment

B. Information system

C. Risk assessment

D. Audits

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!