Multiple Choice
Which one of the following general statements about account reconciliation is incorrect -
A) unresolved amounts will be posted to the reconciliation adjustments account
B) income, expenses and adjustments are classifications of linked accounts
C) a backup copy of the data files should be made after you reconcile the account
D) a blank account reconciliation journal form is the last step in the process
Correct Answer:

Verified
Correct Answer:
Verified
Q11: Which one of the following general statements
Q12: When should you not display and print
Q13: Which one of the following general statements
Q14: Which one is not a safeguard for
Q15: To transfer funds to and from credit
Q17: To reconcile a cheque on a deposit
Q18: Automatic fixed monthly payments such as auto
Q19: Which one of the following general statements
Q20: Which one is not a procedure to
Q21: The account reconciliation linked accounts -<br>A) identify