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  • Accounting : Journalizing Transactions Online Quiz
  • Determining that the amount of cash agrees with the accou...
Multiple choice

Determining that the amount of cash agrees with the accounting records

  1. journalizing

  2. proving cash

  3. checking

  4. double-entry accounting

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Proving cash is the process of verifying that the cash balance in the accounting records matches the actual cash on hand. This is a standard internal control procedure.

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