A deposit received by the bank will:
A) debit the company's bank account.
B) credit the company's bank account.
C) debit the cash account on the company's books.
D) credit the cash account on the company's books.
Correct Answer:
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Q2: Advantages of on-line banking include:
A) convenience.
B) transaction
Q3: Using correct cash handling procedures, deposits should
Q6: When a bank credits your account,it is
Q8: A full endorsement on a check:
A) is
Q13: A signature card shows the signature of
Q13: An example of an internal control is:
A)the
Q15: Company policy for internal control should include
Q15: Endorsing a check:
A)guarantees payment.
B)transfers the right to
Q17: If the written amount on the check
Q19: The person or company to whom a
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