Multiple Choice
Which of the following situations would cause the balance per bank to be less than the balance per books?
A) Interest payments made by the bank.
B) Cheques from customers returned as NSF.
C) Outstanding cheques.
D) All of the answers are acceptable.
Correct Answer:
Verified
Correct Answer:
Verified
Q39: Internal controls,if properly implemented,can eliminate the opportunity
Q40: The internal control principle related to separating
Q41: Employee fraud is grouped into three categories:
Q42: NSF (Not Sufficient funds)cheques are deducting from
Q45: All of the following bank reconciliation items
Q46: What has been the main thrust of
Q47: Cash equivalents are short-term highly liquid investments
Q48: According to the changes in financial reporting
Q49: Deposits are listed on the bank statement
Q144: When preparing this month's bank reconciliation,you find