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I just need answers from 6-12 O. Ths Is a statement issued by the bank to explain why there is a deduction i depositor's account.
I just need answers from 6-12
O. Ths Is a statement issued by the bank to explain why there is a deduction i depositor's account. a. Bank statement b. Bank reconciliation statement c. Bank debit memo d. Bank credit memo A check issued to a payee which has not been presented for encashment to against which it has been drawn a. Certified check b. NSF check Deposits made and recorded by the company in one period and recorded by a succeeding period: a. Transfer bank account b. Deposit in transit c. Time deposit d. Deposit slip 7. c. outstanding check d. cashier's check 8. 9. A furniture store debits purchases for a purchase of a. A cash register b. A freezer c. A set of pencils d. beds 10. Internal Control is used in a business to enhance the accuracy and reliability of accounting records and to a. Safeguard its assets b. Prevent fraud c. Produce correct financial statements d. Deter employee dishonesty 11. Ruth store purchased goods worth P150, 000. Half of which were sold at a mark 40%, Gross profit amounted to a. P60, 000 b. P30, 000 c. P75,000 d. P45,000 12. Alexis, a footwear distributor, returned furniture worth P1, 000. He should a. Debit sales returns c. debit furniture d. credit furniture b. Credit purchase returnsStep by Step Solution
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