A bank $\_\_\_\_\_\_$ is an important control because it provides independent verification of all cash transactions the bank has processed for the company. This internal report should be prepared by an employee whose duties are separate from recording and handling of cash.

Multiple choice question.

imprest account

petty cash account

EFT

reconciliation

using prenumbered checks

marking the voucher "paid" to avoid duplication of payments

having the purchaser make the payment and record it in the accounting records to avoid paying for items not ordered by the purchaser.