To prevent an overdraft or "bounced check," it is always a good idea to record each check written in your check register and reconcile your account balance when you receive your monthly bank statement
Indicate whether the statement is true or false.
Answer: TRUE
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People in an organization who are responsible for articulating a value proposition are:
A) top leaders (owners or executives). B) middle managers. C) employees at all levels. D) Both A and B.
Office supplies were sold by Ari's Alarm Service at cost to another repair shop, with cash received. Which of the following entries for Ari's Alarm Service records this transaction?
A) Office Supplies, debit; Cash, credit B) Office Supplies, debit; Accounts Payable, credit C) Cash, debit; Office Supplies, credit D) Accounts Payable, debit; Office Supplies, credit
In which journal is the receipt of a promissory note from a customer on account recorded?
A) Revenue journal B) Cash Receipts journal C) General journal D) Purchases journal
Performance management activities are
a. A form of disciplinary action b. Impossible for a supervisor to fully master c. Essential to a supervisor's success d. To be avoided except in extreme circumstances