Which one of the following statements is true?
a. Good cash management practices dictate that a company should maintain as large a balance as possible in its cash account.
b. Sound internal control practice dictates that disbursements should be made by check.
c. The person handling the cash should also prepare the bank reconciliation.
d. Petty cash can be substituted for a checking account to expedite the payment of all disbursements.
b
You might also like to view...
According to the information content hypothesis, a lower-than-expected dividend increase, or an unexpected reduction, generally would result in a price decline.?
Answer the following statement true (T) or false (F)
Product testing for reliability and quality helps to ensure a consumer's right to
A. be heard. B. be informed. C. choose. D. performance. E. safety.
The widespread movement from commerce to e-commerce can be traced back to the early 1990s and the birth of the first Web browser, ____.
A. Internet Explorer B. Mosaic C. Collage D. Netscape Navigator
The syntax of the MINUS statement in Oracle is _____
Fill in the blank(s) with correct word