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Chapter 7
What are the three factors of the fraud triangle that contribute to fraudulent activity by employees?
Identify the six principles of internal control. Give examples of each principle. Discuss the limitations of internal control.
List the steps in preparing a bank reconciliation. Prepare a bank reconciliation. Prepare the journal entries that result from a bank reconciliation.
In which financial statement(s) is cash reported? Discuss restricted cash and negative cash balances.
Discuss the five basic principles of cash management.
Please rephrase in own words for the attachment below.