As a business grows and the owner must rely more on others to help in managing...

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As a business grows and the owner must rely more on others to help in managing operations, internal control becomes: more important. less important. а. b. с. unnecessary. d. growth has no effect on the importance of internal control. Bubbly's account is not in overdraft. When preparing the bank reconciliation she found that the bank had incorrectly debited her account with $120. The proper procedure is to: deduct $120 from the bank balance in the general ledger and notify the bank. add $120 to the bank statement balance in the bank reconciliation and notify the bank. а. b. deduct $120 from the bank balance in the general ledger. do nothing as the bank will adjust the error when they balance. с. d. As a business grows and the owner must rely more on others to help in managing operations, internal control becomes: more important. less important. а. b. с. unnecessary. d. growth has no effect on the importance of internal control. Bubbly's account is not in overdraft. When preparing the bank reconciliation she found that the bank had incorrectly debited her account with $120. The proper procedure is to: deduct $120 from the bank balance in the general ledger and notify the bank. add $120 to the bank statement balance in the bank reconciliation and notify the bank. а. b. deduct $120 from the bank balance in the general ledger. do nothing as the bank will adjust the error when they balance. с. d.

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ANSWER 1 B Less important Lack of employee knowledge and training is one of the leading causes of internal control failure Training employees and invo... View the full answer