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11. The bank reconciliation statement of Pluto, Inc. Includes a nonsufficient funds (NSF) check from a customer. While preparing the journal entry for this, which

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11. The bank reconciliation statement of Pluto, Inc. Includes a nonsufficient funds (NSF) check from a customer. While preparing the journal entry for this, which of the following accounts will be affected? (3 marks) a) Cash and Accounts Receivable b) Bank and Accounts Receivable c) Sales and Bank d) Sale and Cash 12. A highly liquid investment that can be converted into cash in three months or less is known as (3 marks) a) bank loan b) inventory c) cash equivalent d) prepaid expenses 13. A is a document that instructs a bank to pay the designated person or business a specified amount of money. (3 marks) a) signature card b) check c) deposit ticket d) bank statement 14. is a device that enables members of a local network to access the network, while keeping nonmembers out of the network. (3 marks) a) Firewall b) Encryption c) Deposit ticket d) Collusion 15. The separate customer accounts receivable are known as (3 marks) ) general ledger b) Journal c) financial statements d) subsidiary accounts 16. The process of selling accounts receivable by a company to a finance company or a bank is known as: (3 marks) a) factoring b) pledging c) discounting d) invoicing 17. When recording credit card or debit card sales using the net method: (3 marks) a) Cash received equals the amount of invoice. b) Cash received equals sales minus the fee charged by the card processor c) Cash received equals sales plus the fee charged by the card processor. d) Cash will be received by the seller when yor the

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