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Financial Accounting MCQs

The control features of a bank account do not include:

safeguarding cash by using a bank as a depository.

providing a double record of all bank transactions.

None of them

having bank auditors verify the correctness of the bank balance per books.

minimizing the amount of cash that must be kept on hand.

Answer

Correct Answer: having bank auditors verify the correctness of the bank balance per books.

Explanation:

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