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
Q7: Which one of the following general statements
Q8: Which one of the following general statements
Q9: Which option is true in the Account
Q10: When should you not display and print
Q11: To reconcile a cheque on a deposit
Q13: Before using the deposit slip journal for
Q14: To set up the accounts for recording
Q15: When you compare the general ledger or
Q16: Cash and cheques are recorded differently on
Q17: You will have an unresolved reconciliation amount