Correct Answer
verified
Multiple Choice
A) $11,050
B) $19,450
C) $15,950
D) $11,150
Correct Answer
verified
Essay
Correct Answer
verified
View Answer
True/False
Correct Answer
verified
True/False
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verified
Multiple Choice
A) accounting controls
B) cash controls
C) preventive controls
D) detective controls
Correct Answer
verified
Multiple Choice
A) 8.0
B) 12.5
C) 87.5
D) 11.5
Correct Answer
verified
Multiple Choice
A) debit Accounts Payable; credit Cash
B) debit Cash; credit Accounts Receivable
C) debit Cash; credit Accounts Payable
D) debit Accounts Receivable; credit Cash
Correct Answer
verified
Multiple Choice
A) internal auditors
B) independent accountants
C) Board of Director's audit committee
D) Board of Trustees
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verified
Multiple Choice
A) means Efficient Funds Transfer
B) can process certain cash transactions at less cost than by using the mail
C) makes it easier to document purchase and sale transactions
D) means Effective Funds Transfer
Correct Answer
verified
Essay
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verified
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Multiple Choice
A) decrease a bank customer's account
B) are used to show a bank service charge
C) show that a company has deposited a customer's NSF check
D) show the bank has collected a note receivable for the customer
Correct Answer
verified
True/False
Correct Answer
verified
Essay
Correct Answer
verified
View Answer
Multiple Choice
A) is a credit reference letter written by the company's bank.
B) lets a company know the financial position of the bank as of a certain date.
C) is a bill from the bank for services rendered.
D) shows the activity that increased or decreased the company's account balance.
Correct Answer
verified
True/False
Correct Answer
verified
Essay
Correct Answer
verified
View Answer
Essay
Correct Answer
verified
Essay
Correct Answer
verified
Multiple Choice
A) deposited checks returned for insufficient funds
B) a promissory note left for collection
C) a service charge
D) notification that a customer's check for $375 was recorded by the company as $735 on the deposit ticket
Correct Answer
verified
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