MATCHING
The accountant for a local manufacturing company is reconciling the company's bank account for May. For each item listed, state how it would be handled on a bank reconciliation. (Choices may be used more than once.)
-interest earned on the chequing account for May
A) addition to bank balance
B) subtraction from bank balance
C) addition to company balance
D) subtraction from company balance
E) not included on the reconciliation
Correct Answer:
Verified
Q41: Strategic risk assessment is designed to identify,
Q45: Under the _ Act, management of publicly-traded
Q51: An internal control activity that separates responsibilities
Q53: MATCHING
The accountant for a local manufacturing company
Q55: Choose the proper category of internal control
Q55: The foundation of the internal control system
Q57: The practices of delaying payments to suppliers,
Q59: A cost-cutting measure used in many business
Q60: MATCHING
The accountant for a local manufacturing company
Q61: Choose the proper category of internal control
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