Exam 15: Tesses Tresses

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

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

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

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

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

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)-

Which accounts may be set up to use account reconciliation -

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

Which one of the following general statements is true -

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

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

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

If the session date is May 31^st,what is the purpose of clearing paid customer invoices to April 30^th -

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

Which one is not a procedure to correct or mark NSF cheques -

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

Which one of the following general statements is true -

To reconcile a credit card receivable account you must -

The account reconciliation linked accounts -

The Banking module window includes journal icons for -