AutoSave . Off H5 .0 test accounting - Saved to this PC Sign in File home Insert Design Layout References Mailings Review View Help Tell me what you want to do Share Comments LG Copy Calibri (Body) - 11 - A" A" Aa- - 4 1 AaBbCcDc AaBbCcDc AaBbC( AaBbCcc Aa B AaBbCcC AaBbCcDt AaBbCcDi A AaBbCcDi AaBbCcD( AaBbCcDt AaBbCcDi AABBCCDE AABBCCD[ AaBbCcDi Find Paste Format Painter B I U - ab x, x' A - L . A- 11 Normal 1 11 No Spac... Heading 1 Heading 2 Title Subtitle Subtle Em... Emphasis Intense E... Strong Quote Intense Q... Subtle Ref... Intense Re... Book Title - oh Replace Select Clipboard Font Paragraph GI Styles Gl Editing True False 1. When using the % of accounts receivable method of estimating uncollectible accounts, ant existing balance in Allowance for Uncollectible Accounts is ignored. 2. Outstanding checks are checks that have cleared the bank but have not yet been returned. 3. The safeguarding of assets is an objective of a company's system of internal control. 4. A segregation of duties among employees eliminates the possibility of collusion. 5. The balance in the Petty cash ledger account will be larger after the petty cash fund is replenished than it was before. 6. A bank statement is a report prepared by a company that aids that company's efforts in cash management 7. Under the allowance method. Uncollectable Accounts Expense is debited when an account is deemed uncollectible and must be written off. 8. After a bank reconciliation has been completed, journal entries must be made to adjust the book balance to its correct balance. 9. The creation of petty cash fund requires a journal entry to reflect the transfer of funds out of the general Cash account. 10. An overage in cash at a cash register is recorded as a credit to the cash over and short account. Page 2 of 2 476 words 100% O Type here to search M 12:14 PM 11/12/2018