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.