18.You will have an unresolved reconciliation amount-

Select one:

a. when an account is not balanced

b. when you have not entered bank charges for the month

c. when a ledger is not balanced

d. when the total debits and credits are not equal

19.You would use deposit reference no. when a single bank statement entry

Select one:

a. shows that more than one signature is needed to authorize bank transactions

b. shows that several cheques were deposited at the same time

c. shows that several cheques were withdrawn or cashed on the same day

d. shows the net effect of cheques and deposits for the same day

20.To set up the accounts for recording bank deposit transactions separately from sales and receipts all but one of the following are required

Select one:

a. set up the bank account receiving the deposits for account reconciliation

b. create a separate account for the undeposited receipts

c. assign the bank or cash class to the undeposited receipts account

d. choose the undeposited receipts account as the account for receipts and cash sales.