Accountıng I Deneme Sınavı Sorusu #1229742
- Businesses can keep their important amount of cash in a bank instead of keeping on hand.
- It is a way of protecting cash from possible thefts.
- It requires approval from both the business and the bank
Which of the statements above is true for using bank accounts as a control device?
Only II |
I and II |
II and III |
I and III |
I, II and III |
Yanıt Açıklaması:
- Businesses can keep their important amount of cash in a bank instead of keeping on hand.
- It is a way of protecting cash from possible thefts.
- It requires approval from both the business and the bank.
- All of the statements above are true for bank accounts and their use as a control device
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