Multiple Choice
The amount of the outstanding checks is included on the bank reconciliation as a (n)
A) deduction from the balance per company's records
B) addition to the balance per bank statement
C) deduction from the balance per bank statement
D) addition to the balance per company's records
Correct Answer:

Verified
Correct Answer:
Verified
Q36: Cash equivalents<br>A) are illegal in some states<br>B)
Q37: Match each item to a bank statement
Q38: Procedures designed to protect cash from theft
Q39: In the normal operation of business, you
Q40: Credit memos from the bank<br>A) decrease a
Q42: Internal control does not consist of policies
Q43: Journalize the entries to record the
Q44: A compensating balance occurs when a bank
Q45: There are three internal control objectives and
Q46: Using the following information, prepare a bank