Which one of the following is true of the bank reconciliation?
A) It should not be prepared by an employee who handles cash transactions.
B) It is prepared in place of the cash ledger.
C) It is a financial statement.
D) It guarantees that no errors have been made.
A
Business
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Which of the following is true of a draft?
A) It is always a two-party transaction. B) It is an unconditional written promise to pay. C) It is a note created upon deposition of money. D) It is a pay to order transaction.
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Service level is the complement of the probability of a stockout
Indicate whether the statement is true or false
Business