Exam 15: Tesses Tresses

Which one of the following items may not require an account reconciliation at month end -

You would use deposit reference no.when a single bank statement entry -

All but one of the following are part of setting up account reconciliation for a bank account -

The account reconciliation linked accounts -

After adding all the prior outstanding transactions when you begin account reconciliation -

Which one is not a safeguard for account reconciliation to avoid mistakes -

Which one of the following general statements is true -

Which one of the following general statements is correct -

Which option is true in the Account Reconciliation Report -

When should you not display and print the journal reconciliation report -

To reconcile a cheque on a deposit slip that is later returned as NSF -

Which one of the following general statements about account reconciliation is incorrect -

Before using the deposit slip journal for a US dollar account,you need to -

To set up the accounts for recording bank deposit transactions separately from sales and receipts all but one of the following are required -

When you compare the general ledger or bank account transactions report with the bank statement -

Cash and cheques are recorded differently on deposit slips in that -

You will have an unresolved reconciliation amount -

To enter NSF cheques when deposit slips are used (receipts are recorded to a separate undeposited amounts account before entering them in the bank account)-

Automatic fixed monthly payments such as auto lease,insurance premiums and mortgage -

Which one of the following general statements is true -