In large companies , the independent internal verification procedure is often assigned to Question 10
Sam ‘ s Grocery Store has the following policy . ‗ Only one cashier can have access to a cash drawer .‘ Which internal control principle supports this policy ? Question 11
Supervisors counting cash receipts daily is an example of Question 12
Blank checks Question 13
All of the following are true regarding bank statements except Question 14
Which of the following would be added to the balance per bank on a bank reconciliation ? Question 15
Notification by the bank that a deposited customer check was returned NSF requires that the company make the following adjusting entry : Question 16
Clark Company developed the following reconciling information in |
preparing its September bank reconciliation : |
Cash balance per bank , 9 / 30 |
$ 30,800 |
Note receivable collected by bank |
16,800 |
Outstanding checks |
25,200 |
Deposits in transit |
12,600 |
Bank service charge |
210 |
NSF check |
3,360 |