What are strengths and weaknesses of internal control, Auditing

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What are strengths and weaknesses of internal control

Response to the following questions:

1. Journal entries based on the bank reconciliation are required for: A. additions to the cash balance according to the company's records. B. deductions from the cash balance according to the company's records. C. both A and B. D. neither A nor B.

2. The accounting clerk pays all obligations by prenumbered checks. What are the strengths and weaknesses in the internal control over cash payments in this situation?

3. What is the purpose of preparing a bank reconciliation?

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Auditing: What are strengths and weaknesses of internal control

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Auditing: What are strengths and weaknesses of internal control

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