Saturday, October 10, 2020

Which of the following would NOT need to be accounted for in a bank reconciliation?

Which of the following would NOT need to be accounted for in a bank reconciliation?


A) Deposits recorded by the company but not the bank.

B) Interest recorded by the bank but not the company.

C) NSF checks recorded by the bank but not by the company.

D) Checks written by the company and recorded by the bank.


Answer: Checks written by the company and recorded by the bank.

No comments:

Post a Comment

Assuming a current ratio of 1.2 and an acid-test ratio of 0.80, how will the purchase of inventory with cash affect each ratio?

Assuming a current ratio of 1.2 and an acid-test ratio of 0.80, how will the purchase of inventory with cash affect each ratio? A) Increase ...