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QUESTION 14 After preparing a bank reconciliation, the collection of a note by the bank on a company's behalf would be recorded with a: Credit

QUESTION 14

  1. After preparing a bank reconciliation, the collection of a note by the bank on a company's behalf would be recorded with a:

    Credit to Notes Receivable.

    Credit to Cash.

    Debit to Notes Receivable.

    Credit to Accounts Receivable.

    _________________________________-

    QUESTION 17

    Allowing only certain individuals to have passwords to conduct online purchases is an example of which preventive control?

    Separation of duties.

    Physical controls.

    E-commerce controls.

    Employee management.

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