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)

2022-06-06

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)

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)

答案：

D

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)
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内容

0
The following statements relate to financial accounting or to cost and management accounting: (i) The main users of financial accounting information are external to an organisation. (ii) Cost accounting is part of financial accounting and establishes costs incurred by an organisation. (iii) Management accounting is used to aid planning, control and decision making. Which of the statements are correct? A: (i) and (ii) only B: (i) and (iii) only C: (ii) and (iii) only D: (i), (ii) and (iii)
1
Which of the following items must be separately disclosed in the statement of cash flows? I. Interest paidII. Dividends paidIII. Interest receivedIV. Dividends received V.Auditor’s remuneration paid A: II, III and IV only B: I, II and V only C: II, III, IV and V only D: I, II, III and IV only
2
Which of the following is true regarding the circular flow diagram? A: I only B: I and II C: I and III D: III only
3
The<br/>cost of buying and selling a stock include _________. I. broker's commissions II. dealer's bid-asked spread III. price concessions investors may be forced to make A: I and II only B: II and III only C: I and III only D: I,<br/>II and III
4
Which of the following are part of a commercial bank's reserves? A: I only B: I and II C: I and III D: I, II and III