A bank reconciliation:Group of answer choicesis a formal financial statementboth A and B are correctis part of a sound internal control systemshould not be prepared by an employee who handles cash transactions

The Correct question reads;

Which of the following statements about bank reconciliations is correct?

a. Should not be prepared by an employee who handles cash transactions

b. Is part of a sound internal control system

c. Is a formal financial statement

d. Both (a) and (b) are correct

a. Should not be prepared by an employee who handles cash transactions

Explanation:

It is only a bank that prepares a bank reconciliation statement. So, it is correct to say that a bank reconciliation statement should not be prepared by an employee who handles cash transactions.

answer; i believe the correct answer is (treasury bills);

income statement is prepared in order to show the profits and loss of a business. in order to prepare the income statement she should collect all the income and expenses of the product with the cost of production.