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3) A large F variance from budget in a revenue item should be investigated. True or False 4) If a Bank Reconciliation cannot be made

3) A large F variance from budget in a revenue item should be investigated.

True or False

4) If a Bank Reconciliation cannot be made to balance, then something unusual has occurred and must be investigated.

True or False

5) In preparing a bank reconciliation, we will code an NSF check (using the fabulous Bessner system) as:

a.

a C+ item.

b.

a C- item.

c.

a B+ item.

d.

a B- item.

e.

none of the above.

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