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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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