Circle the answer for true, F for false): 2 points each T or F If a company deposits all its receipts in the bank and pays all its bills by check, then the monthly bank statement balance will still generally disagree with the companys record of its checking account balance until adjustments have been made. T or F Internal control is mainly concerned with the amount of authority a supervisor exercises over a subordinate. T or F If a company uses the allowance method to account for uncollectible accounts, the entry to write off an uncollectible account only involves income statement accounts. T or F An aging of accounts receivable schedule is based on the premise that the longer the period an account remains unpaid, the greater the probability that it will not be collected. T or F Once an asset is fully depreciated, no additional depreciation can be taken even if the asset is still being used by the business. T or F Land improvements are generally charged to the Land account