Each of the adhering to is an instance of a control procedure excepta.) sound marketing planb.) limited access to assetsc.) sound individual proceduresd.) separation of duties


You are watching: Which of the following reconciling items does not require a journal entry?

Which of the following is an instance of negative inner control?a.) Rotate employees via assorted jobsb.) The mail-room clerk records everyday cash receipts in the journalc.) employees need to take vacationsd.) The accountancy department compares goods received with the connected purchase order
The financial institution statement proved interest earned of $500 dollarsa.) deduct from the bank balanceb.) add to the book balancec.) does not belengthy on the bank reconciliation d.) deduct from the book balancee.) include to the financial institution balance
The bank statement shows that the financial institution had credited Trisha"s account for a $500 deposit made by Tryon companya.) deduct from the financial institution balanceb.) include to the book balancec.) does not belengthy on the financial institution reconciliation d.) deduct from the book balancee.) add to the financial institution balance
A examine for $753 written by Trisha in the time of the present month was erroneously videotaped as a $375 paymenta.) deduct from the bank balanceb.) add to the book balancec.) does not belengthy on the bank reconciliation d.) deduct from the book balancee.) add to the bank balance
The financial institution statement included a check from a customer that was marked NSFa.) deduct from the bank balanceb.) include to the book balancec.) does not belong on the financial institution reconciliation d.) deduct from the book balancee.) include to the bank balance
A $600 deposit made on the last day of the present month did not appear on this month"s bank statementa.) deduct from the bank balanceb.) include to the book balancec.) does not belong on the bank reconciliation d.) deduct from the book balancee.) add to the financial institution balance
Which of the complying with reconciling items does not require a new journal entry?a.) Bank business chargeb.) Bank collection of not receivablec.) Deposit in transitd.) NSF check
A inspect was created for $462 to purchase supplies. The examine was taped in the journal as $426. The entry to correct this error woulda.) increase supplies, $36b.) decrease cash, $36c.) decrease offers, $36d.) both a and b
A cash budacquire helps control cash bya.) developing plan for enhancing salesb.) ensuring exact cash recordsc.) helping to recognize whether additional cash is accessible for investments or new financing is neededd.) every one of the above
c.) helping to identify whether additional cash is easily accessible for investments or new financing is needed
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Overview to Managerial Accounting via Connect Plusfifth EditionEric W. Noreen, Peter C. Brewer, Ray H Garrison


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