When should you not display and print the journal reconciliation report

Select one:

a. after marking journal entries as cleared

b. before marking journal entries as cleared

c. when everything is reconciled

d. when the unresolved amount should be zero

Cash and cheques are recorded differently on deposit slips in that

Select one:

a. cheque deposits are linked to individual sales transactions, cash deposits are not

b. cash is entered as a total broken down by denominations and cheques are recorded individually

c. cash and cheques are recorded on separate deposit slips

d. a and b are correct

You would use deposit reference no. when a single bank statement entry

Select one:

a. shows that several cheques were withdrawn or cashed on the same day

b. shows the net effect of cheques and deposits for the same day

c. shows that more than one signature is needed to authorize bank transactions

d. shows that several cheques were deposited at the same time

The account reconciliation linked accounts

Select one:

a. identify appropriate ledger accounts for income

b. identify appropriate ledger accounts for expenses

c. identify appropriate ledger accounts for adjustments

d. all of the above