Why is it important to reconcile the receivables control account to the receivables ledger on a regular basis?
A: ii) and iii) only
B: i) only
C: ii) only
D: i), ii) and iii)
A: ii) and iii) only
B: i) only
C: ii) only
D: i), ii) and iii)
举一反三
- Which of the following is/are NOT recorded as transactions in the receivables control account? A: i) only B: ii) only C: iii) only D: i), ii) and iii)
- Which of the following statements is true about an aged receivables analysis? A: i) only B: ii) only C: i) and iii) D: i), ii) and iii)
- Which of the following would be considered a service industry?(i) an airline company(ii) a railway company(iii) a firm of accountants A: (i) and (ii) only B: (i) and (iii) only C: (ii) and (iii) only D: (i), (ii) and (iii)
- Factory overhead can be absorbed by which of the following methods? (i) Machine hours (ii) direct labor hours (iii) unit quantity (ii) (iv) as a percentage of direct labor cost A: (i) ,(ii) ,(iii), (iv) B: Only (i) & (ii) C: Only (ii) & (iii) D: only (i) ,(ii) & (iii)
- Which of the following are functions of the accounts department? A: I only B: II only C: I and II D: I, II and III