A weekly reconciliation of cash receipts would include comparing
A)the cash prelist with bank deposit slips
B)the cash prelist with remittance advices
C)bank deposit slips with remittance advices
D)journal vouchers from accounts receivable and general ledger

Question

Quizplus · Accepted Answer

A weekly reconciliation of cash receipts involves comparing the cash prelist (which lists all the cash received) with the bank deposit slips (which show the total amount deposited in the bank). This ensures that all cash received has been properly deposited in the bank. Comparing bank deposit slips with remittance advices or journal vouchers would not provide a complete reconciliation of cash receipts.

A Weekly Reconciliation of Cash Receipts Would Include Comparing