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
Q6: Which one of the following general statements
Q7: Which one is not a safeguard for
Q8: After adding all the prior outstanding transactions
Q9: You would use deposit reference no.when a
Q10: Which accounts may be set up to
Q12: When should you not display and print
Q13: Which one of the following general statements
Q14: Which one is not a procedure to
Q15: To enter NSF cheques when deposit slips
Q16: When you compare the general ledger or
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