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6. Internal Controls and Reporting Cash
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6. Internal Controls and Reporting Cash
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6. Internal Controls and Reporting Cash / Bank Reconciliation / Problem 11
Problem 11
Which of the following best describes the role of bank reconciliation in internal control?
A
It forecasts future cash flows.
B
It ensures the accuracy of cash records.
C
It helps in preparing financial statements.
D
It calculates tax liabilities.
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