Which one of the following general statements about account reconciliation is incorrect -
A) unresolved amounts will be posted to the reconciliation adjustments account
B) income, expenses and adjustments are classifications of linked accounts
C) a backup copy of the data files should be made after you reconcile the account
D) a blank account reconciliation journal form is the last step in the process
Correct Answer:
Verified
Q5: All but one of the following are
Q6: You would use deposit reference no. when
Q7: Which one is not a procedure to
Q8: Which one is not a safeguard for
Q9: Which one of the following general statements
Q11: Which one of the following general statements
Q12: You will have an unresolved reconciliation amount
Q13: Which accounts may be set up to
Q14: Which one of the following general statements
Q15: After adding all the prior outstanding transactions
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