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Which of the following would be presented as Other Receivables? 1. Employee Advances II. Tax refunds receivable a. Neither I nor 11 b. Both I
Which of the following would be presented as Other Receivables? 1. Employee Advances II. Tax refunds receivable a. Neither I nor 11 b. Both I and II c. II only d. I only UESTION 20 Which of the following would be presented as Trade Receivables? 1. Accounts receivable created in the ordinary course of business from sales to customers II. Tax refunds receivable O a.ll only b. Both I and II c. I only d. Neither I nor 11 QUESTION 21 Which of the following would be presented as Trade Receivables? 1. Employee Advances II. Notes receivable created in the ordinary course of business from sales to customers O a. I only b. ll only c. Both I and II d. Neither I nor II QUESTION 22 Which of the following is one of the reasons for preparing a bank reconciliation? 1. Accelerate collections of accounts receivable II. Ensure that revenues exceed expenses a. I only b. Both 1 and 11 c. Neither I nor 11 d. ll only QUESTION 23
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