Multiple Choice
Cash and cheques are recorded differently on deposit slips in that -
A) cheque deposits are linked to individual sales transactions,cash deposits are not
B) cash is entered as a total broken down by denominations and cheques are recorded individually
C) cash and cheques are recorded on separate deposit slips
D) a and b are correct
Correct Answer:
Verified
Correct Answer:
Verified
Q11: To reconcile a cheque on a deposit
Q12: Which one of the following general statements
Q13: Before using the deposit slip journal for
Q14: To set up the accounts for recording
Q15: When you compare the general ledger or
Q17: You will have an unresolved reconciliation amount
Q18: To enter NSF cheques when deposit slips
Q19: Automatic fixed monthly payments such as auto
Q20: Which one of the following general statements
Q21: To reconcile a credit card receivable account