Module 5: Mastery Exercise: 18WB-ACT425-1.pdf

Module 5: Mastery Exercise: 18WB-ACT425-1.pdf - Module 5...

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Module 5: Mastery Exercise Due No due date Points 10 Questions 10 Time Limit None Allowed Attempts Unlimited ! Correct answers are hidden. Score for this attempt: 9 out of 10 Submitted Jan 24 at 4:49pm This attempt took 28 minutes. Take the Quiz Again A ! empt History Attempt Time Score LATEST Attempt 1 28 minutes 9 out of 10 1 / 1 pts Question 1 Which of the following is not an independent verification related to cash disbursements? The accounts payable subsidiary ledger is reconciled to the general ledger. The bank statement is reconciled monthly. The stock of unused checks should be adequately secured and controlled. The cash disbursements journal is reconciled to the general ledger.
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Correct. The stock of unused checks is not an independent verification related to cash disbursements. 1 / 1 pts Question 2 Which department adjusts the vendor account after each transaction to arrive at the amount owed to the vendor? Shipping Accounts payable Receiving Purchasing Correct. Accounts-payable personnel should update the transaction and the vendor account with the correct information so that it is accurate, and also notify the vendor.
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  • Fall '16
  • Peter Bush
  • Depreciation, Expense, 1 pts, 28 minutes, 1 28 minutes

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