Question: question 4.5and 6 Question 4 (1 point) Two individuals at a retail store work the same cash register. You evaluate this situation as supporting the

Question 4 (1 point) Two individuals at a retail store work the same cash register. You evaluate this situation as supporting the establishment of responsibility supporting independent checks of performance. a violation of establishment of responsibility a violation of segregation of duties Question 5 (1 point) Which of the following items used to reconcile cash does not require an adjusting entry? outstanding cheques bank service charge note collected by the bank interest earned Question 6 (1 point) Which of the following BEST describes a bank reconciliation? It should be prepared by the person who is authorized to sign cheques. It should only be prepared when an employee is suspected of fraud. It should be prepared to explain any difference between the company's balance per books with the balance per bank. It should be prepared whenever the bank refuses to lend the company money
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
