ACC 557 TUTOR Education Terms/acc557tutor.com ACC 557 TUTOR Education Terms/acc557tutor.com | Page 42

SOME SAMPLE QUESTIONS ARE GIVEN BELOW OUT OF THOSE 200 QUESTIONS 1Multiple Choice Question 107 A bank statement is a bill from the bank for services rendered. is a credit reference letter written by the depositor’s bank. shows the activity which increased or decreased the depositor’s account balance. lets a depositor know the financial position of the bank as of a certain date. 2IFRS Multiple Choice Question 233 The principles of internal control activities are used in the internationally but not in the U.S. in the U.S. and Canada but not globally. globally. U.S.but not globally. 3Multiple Choice Question 71 Postage stamps on hand are considered to be cash.