The function responsible for reconciling the bank account upon which voucher checks are drawn is
A) cash disbursements.
B) accounts payable.
C) internal audit.
D) purchasing.

Question

Quizplus · Accepted Answer

The internal audit function is responsible for reconciling the bank account upon which voucher checks are drawn. This is because internal audit provides an independent assessment of the company's financial operations and processes, including the reconciliation of bank accounts to ensure accuracy and integrity in financial reporting.

The Function Responsible for Reconciling the Bank Account Upon Which