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Preparing bank reconciliation statement is: Select one: a. Not necessary when a perpetual inventory system is used. b. Not required for PLC companies. c. Not necessary when a periodic inventory system is used. d. A sound control activity around organizations’ cash function

Preparing bank reconciliation statement is: Select one: a. Not necessary when a perpetual inventory system is used. b. Not required for PLC companies. c. Not necessary when a periodic inventory system is used. d. A sound control activity around organizations’ cash function

College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter6: Bank Accounts, Cash Funds, And Internal Controls
Section: Chapter Questions
Problem 5DQ
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Preparing bank reconciliation statement is:
Select one:
a. Not necessary when a perpetual inventory system is used.
b. Not required for PLC companies.
c. Not necessary when a periodic inventory system is used.
d. A sound control activity around organizations’ cash function
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