Question: 6. When a bank reconciliation is completed, do we need to make any journal entry adjustments? A. Yes, journalize all items on the bank side
6. When a bank reconciliation is completed, do we need to make any journal entry adjustments? A. Yes, journalize all items on the bank side B. Yes, journalize all items on the book side C. No, because there should be no adjustments for the cash transactions D. All of the above 7. All of the following are main objectives of internal controls EXCEPT? A. Safeguard assets B. Encourage employees to follow company policy C. Separation of duties D. Comply with legal requirements Motivati OPPORtun Voided checks do not cause a difference between the cash balance in the bank and the cash balance on the books. True or False. ime of Assets
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