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 cashier in 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 debits Cash and credits Accounts Receivable.The cashier in the treasurer's department deposits the checks in the bank.
Correct Answer:

Verified
Correct Answer:
Verified
Q144: All of the following will appear on
Q145: All items on the bank side of
Q146: When companies use debit cards for purchases
Q147: The duties of purchasing goods and receiving
Q148: Accounts payable would be an example of
Q150: Which of the following items can be
Q151: Which of the following is a CORRECT
Q152: For good internal control:<br>A)the purchasing agent should
Q153: The treasurer is solely responsible for the
Q154: Collusion is the method used to defeat