What is a remittance advice?
A) A document prepared by the bank showing the details of electronic funds transfers received by the bank from customers
B) A receipt from the bank showing the total amount deposited to the client's account at the bank
C) A document received from the customer showing the details of payments made by the customer
D) A daily report showing cash recorded in the cash receipts journal identifying customers making payments on account and the amounts received
Correct Answer:
Verified
Q42: Recording cash receipts involves _.
A)journalizing cash received
Q43: Which of the following computer actions is
Q44: Which of the following represents the start
Q45: A lockbox system _.
A)is only used by
Q46: A credit sale should always include debits
Q48: Which of the following is a control
Q49: What do over-the-counter receipts devices such as
Q50: At the warehouse, when goods are pulled
Q51: As a control for cash receipts, which
Q52: Which of the following provides the basis
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents