You will have an unresolved reconciliation amount

a) when a ledger is not balanced

b) when an account is not balance

c) when you have not entered bank charges for the month

d) when the total debits and credits are not equal

automatic fixed monthly payments such as auto lease, insurance premiums and mortgages

a) should be recorded as cash payments because they involve withdrawals from the bank account

b) must be recorded with a normal general journal entry

c) should b recorded in the adjustments journal

d) can be recorded in the accounts reconciliation journal or in the general journal

in the income statement reports, once budgets are set up

a) actual amounts are always given as a percentage of the budgeted amounts

b) actual amounts are always less than the budget med amounts

c) budgeted amounts may be omitted from the reports

d) actual amounts are always greater than the budgeted amounts