Multiple Choice
With regard to customer checks received by mail,which statement is TRUE?
A) The Debit to Cash by the Accounting Department should equal the amount deposited in the bank by the mailroom employee.
B) The customers' Accounts Receivable accounts should be adjusted by the Treasury Department for the payments received.
C) The controller compares the customers' checks to the remittance advices sent from the mailroom.
D) The Accounting Department handles the bookkeeping part and the cashier in the Treasurer's Department deposits the checks in the bank.
Correct Answer:

Verified
Correct Answer:
Verified
Q33: _ is the most common fraud,but _
Q50: A company has a policy that all
Q91: Slowinski Company is preparing its cash budget
Q92: The Public Company Oversight Board was created
Q93: On a bank reconciliation,electronic fund transfers are:<br>A)additions
Q96: One of the most common types of
Q98: The owner of Samuelson Inc.has reason to
Q99: Outstanding checks are checks that have been
Q101: If the bank records a deposit of
Q135: A check received from a customer for