1- Which of the following bank reconciliation items would not result in an adjusting journal entry in the company's books?

Multiple Choice

• Outstanding cheques.

• Service charge.

• Interest earned on deposits.Incorrect

• A customer's cheque returned NSF.

2-

Which of the following situations would cause the balance per bank to be less than the balance per books?

Multiple Choice

• Cheques from customers returned as NSF.

• Outstanding cheques.

• Interest payments made by the bank.Incorrect

• All of the answers are acceptable.

3-

Segregation of duties means that a company assigns responsibilities so that:

Multiple Choice

• responsibilities for related activities are assigned to two or more people.

• employees are restricted to jobs for which they have adequate training.