Question: Multiple Choice Question A bank is an important control because it provides independent verification of all cash transactions the bank has processed for the company.

Multiple Choice Question
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.
reconciliation
petty cash account
imprest account
EFT
Multiple Choice Question A bank is an important control because it

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