172559222-Accounting-Theory-MCQ - Accounting Review...

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Accounting Review Materials1.A Cash Short and Over accountA.is not generally acceptedB.is debited when petty cash fund proves out overC.isdebited when petty cash fund proves out shortD.is a contra account to Cash
2.The journal entries for a bank reconciliation
3.Which of the following items would not accompany a monthly bank statement?
4.A credit memorandum issued by a bank will:
5.The term “outstanding checks” refers toA.Checks that have been lost in mail or for some other reason have been misplaced.B.Customer checks which have been returned by the bank because the customer’s bank would nothonor them.C.Depositor checks which have not yet cleared the banking system.D.Depositor checks which have been processed by the bank but have not yet been recorded by thedepositor.

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Term
Fall
Professor
N/A
Tags
Accounting, petty cash fund, cash balance, D Bank

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