Multiple Choice
Bank interest earned on a checking account would be shown on a bank reconciliation as:
A) added to the balance per bank statement.
B) deducted from the balance per bank statement.
C) added to the balance per books.
D) deducted from the balance per books.
Correct Answer:
Verified
Correct Answer:
Verified
Q77: Company policy for internal control should include
Q78: Any adjustment to the depositor's records because
Q79: Transferring money without paper checks is called
Q80: If the written amount on the check
Q81: The bank would issue a credit memorandum
Q83: On a bank reconciliation, outstanding checks are
Q84: The replenishment of the petty cash fund
Q85: Indicate which effect(s) each situation will have:<br><br>-_
Q86: Which of the following bank reconciliation items
Q87: Jim's Limousines' entry to establish a $160