When a hotel prepares its monthly bank reconciliation exercise, bank interest received is:
A) Deducted form the balance appearing on the bank statement.
B) Added to the hotel's cash receipts record.
C) Deducted when preparing the bank reconciliation statement.
D) Added to operating revenue.
E) None of the above
Correct Answer:
Verified
Q2: Which of the following statements is untrue?
A)
Q3: Reasons for a difference between a bank
Q4: To prepare a bank reconciliation statement it
Q5: A new internal control procedure should only
Q6: The imprest system of petty cash accounting
Q8: Which of the following represent internal control
Q9: Which of the following does not represent
Q10: On 1 July 20X1 the MountainTop hotel
Q11: From your hotel's most recent bank statement,
Q12: Which of the following statements is true?
A)
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