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Entries for bank collections for payment on a loan _______. A. are automatically recorded at the completion of the bank reconciliation B. must be recorded
Entries for bank collections for payment on a loan _______.
| A. | are automatically recorded at the completion of the bank reconciliation |
| B. | must be recorded after the bank reconciliation is complete |
| C. | should be recorded on the first of the month |
| D. | should be recorded while reconciling the bank statement |
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Fundamental Managerial Accounting Concepts
Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Old
7th edition
978-0077632427, 77632427, 78025656, 978-0078025655
