Bank reconciliation as an internal control tool for cash


Question:

Describe how the bank reconciliation can be used as an internal control tool for cash. Also, should the same person that receives cash payments prepare the bank reconciliation? Give at least one reason to support your answer.

Solution Preview :

Prepared by a verified Expert
Finance Basics: Bank reconciliation as an internal control tool for cash
Reference No:- TGS02067849

Now Priced at $20 (50% Discount)

Recommended (97%)

Rated (4.9/5)