Internal Control and Accounting for Cash
In this chapter you should learn to:1. Identify the key elements of a strong system of internal control. |
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2. Identify special internal controls for cash. |
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3. Prepare a bank reconciliation. |
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4. Explain the use of a petty cash fund. |
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5. Prepare a classified balance sheet. |
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6. Use the current ratio to assess the level of liquidity. |