To prevent unauthorized access to cash, as well as to allow for more efficient management of cash, many chain retail businesses use "depository bank accounts."
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Q72: When a company receives customers' checks by
Q77: The treasurer conducts the final step for
Q79: Payments by check or EFT represent an
Q80: Managers can use records produced by point-of-sale
Q83: Once the company receives newly purchased inventory,it
Q87: For good internal control:
A)the purchasing agent should
Q88: A receiving report:
A)identifies the need for merchandise
Q90: A petty cash fund:
A)is established to pay
Q92: After approving an invoice for payment:
A)the receiving
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