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    Accounting Principles Study Set 2
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    Exam 7: Internal Control and Cash
  5. Question
    If There Are Outstanding Company Cheques Listed on the Bank
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If There Are Outstanding Company Cheques Listed on the Bank

Question 32

Question 32

True/False

If there are outstanding company cheques listed on the bank reconciliation, it means that the balance in the bank account is less than the amount showing on the company's books.

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