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1 in a bank to book method of bank reconciliation the

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_____ 1. In a bank to book method of bank reconciliation, the following items are added exceptA.Note collected in favor of the company creditorB.Deposit in transitC.Bank loan maturityD.Interest from a customer note collected by the bank
_____ 2. A petty cash system is designed to
_____ 3.Which of the following is nottrue?
_____ 4. Which is notconsidered as cash equivalent?
_____ 5. How many vouchers should the company prepare if remittance will be made to the BIR for theemployees’ withholding tax and to the SSS for the SSS contributions made by the employees?A.oneB.twoC.threeD.four
_____ 6.The petty cash fund is established in the amount of P5,000 and contains P4,000 in cash and P950 inreceipts for disbursements when it is replenished. The journal entry to record replenishment should includecredit/s to the following account/s

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Term
Fall
Professor
N/A
Tags
Cheque, Imprest system

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