Question

True or false? No explanation requried just true or falseanswers, thanks.

Good internal accounting controlrequires that the person handling cash should also make any relatedjournal entries so that responsibility for cash can be assigned toone person.

True

False

At the end of an accountingperiod, the “cash balance per bank statement” on that date isusually the proper cash amount to show on the balancesheet.

True

False

Good internal accounting controlover cash includes depositing all cash receipts in the bank eachday.

True

False

Journal entries are required forall adjustments to the “cash balance per bank statement” in a bankreconciliation.

True

False

Disbursements from a petty cashfund should be made with checks that are prenumbered.

True

False