If employees are bonded they have worked for the company for at least 10 years. O it means that they are not allowed to handle cash. it is impossible for them to steal from the company. they have been insured against misappropriation of assets.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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If employees are bonded
they have worked for the company for at least 10 years.
it means that they are not allowed to handle cash.
it is impossible for them to steal from the company.
they have been insured against misappropriation of assets.
O O O O
Transcribed Image Text:If employees are bonded they have worked for the company for at least 10 years. it means that they are not allowed to handle cash. it is impossible for them to steal from the company. they have been insured against misappropriation of assets. O O O O
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