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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