Question
11) One method of achieving confidentiality in e-commerce is: A) using an anti-computer-virus device. B) deleting firewalls. C) encryption. D) using passwords. 12) Which of
11) One method of achieving confidentiality in e-commerce is: A) using an anti-computer-virus device. B) deleting firewalls. C) encryption. D) using passwords.
12) Which of the following items used to reconcile cash does not require an adjusting entry? A) bank service charge B) interest earned C) note collected by the bank D) outstanding cheques
13) All of the following are items that cause a difference between the bank balance and the book balance except: A) cancelled cheques. B) deposits in transit. C) outstanding cheques. D) NSF cheques.
14) If the bank mistakenly recorded a $71 deposit as $17, the error would be shown on the bank reconciliation as a: A) $71 addition to the bank balance. B) $54 addition to the bank balance. C) $71 deduction from the bank balance. D) $54 deduction from the bank balance.
15) All of the following are controls over petty cash except: A) designating one employee to administer the fund. B) supporting all fund payments with a petty cash ticket. C) replenishing the fund through normal cash payment procedures. D) keeping an unlimited amount of cash on hand.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started