NSF (Not Sufficient funds)cheques are deducting from the balance per book when conducting bank reconciliation.
Correct Answer:
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Q9: Internal controls,if properly implemented,can eliminate the opportunity
Q10: Cash equivalents are short-term highly liquid investments
Q11: An imprest system is a process that
Q12: Internal control will always detect fraud.
Q13: Employee fraud is grouped into three categories:
Q15: A voucher system is a process for
Q16: Those who willfully misrepresent financial results now
Q17: An imprest payroll system is one example
Q18: Incentives for engaging in fraud can be
Q19: Internal controls include the policies and procedures
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