The cashier deposits checks in the bank for Very Large Corporation (VLC) and also prepares payments to vendors. Of the following, who is best to reconcile the bank statement to VLC's records on a regular basis?
A) Internal audit department
B) Treasurer
C) External auditor
D) Cashier
Answer: A) Internal audit department
Business
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A) The percentage complete rule. B) The 0/100 rule. C) The caveat emptor rule. D) The prior knowledge rule.
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Business model refers to the series of value-adding activities that an organization performs to achieve its goals, such as making a profit, at various stages of the production process
Indicate whether the statement is true or false
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