6. Internal Controls and Reporting Cash

Which of the following is a common way to access money in a checking account?

How many steps are typically involved in the process of bank statement reconciliation as described in standard accounting procedures?

Which statement is true when an account is disconnected from the bank feed in QuickBooks Online?

What is a potential consequence of not regularly monitoring your bank account as part of the bank reconciliation process?

Which of the following items identified during a bank reconciliation would require an adjustment to the book balance?

Which of the following items is typically documented on a bank statement provided to a company?

Which statement is true about the reconciliation discrepancy report in the context of bank reconciliation?

When you deposit a check using a mobile banking app, for how long should you typically keep the physical check before destroying it?

On a bank reconciliation, which of the following items would be subtracted from the bank statement balance to arrive at the adjusted bank balance?

In preparing a bank reconciliation, which of the following items should be added to the balance per books?

In preparing a bank reconciliation, what is the proper treatment of an outstanding check?

If the formula in cell D49 is '=C49+B49' and it is copied to cell E49 in a bank reconciliation worksheet, what will the formula in cell E49 become?

Which of the following is the best way to confirm that your direct deposit has been processed correctly during a bank reconciliation?

Which of the following is added to the bank balance in a bank reconciliation?

How is a customer's NSF (non-sufficient funds) check reflected on a bank reconciliation?