Question: Hi please provide a step by step solution 1.The detachable part of an invoice sent by the supplier to customers for payment is known as:
Hi please provide a step by step solution
1.The detachable part of an invoice sent by the supplier to customers for payment is known as:
Select one:
a.None of the available choices
b.Remittance advice
c.Receipt
d.Bank deposit slip
2-Which of the following is not a purpose of internal control?
Select one:
a.Effective and efficient operations
b.Increase exposure to risks
c.Reliable financial reporting
d.Compliance with applicable laws and regulations
3-True or False: An outstanding cheque is one that has been recorded in the general ledger, but has not been recorded on the bank statement.
Select one:
True
False
4-Bank statements provide information about all of the following, except:
Select one:
a.Errors made by the depositor
b.NSF cheques
c.Cheques cleared during the period
d.Bank charges for the period
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