6Multiple Choice Question 111
A deposit made by a company will appear on the bank statement as a
debit.
credit.
debit memorandum.
credit memorandum.
7Multiple Choice Question 65
In large companies, the independent internal verification procedure is
often assigned to
computer operators.
management.
internal auditors.
outside CP
8Multiple Choice Question 67
An aging of a company’s accounts receivable indicates that $10,000
are estimated to be uncollectible. If Allowance for Doubtful Accounts
has a $1,100 credit balance, the adjustment to record bad debts for the
period will require a
debit to Bad Debts Expense for $8,900.