On a bank reconciliation, the amount of an unrecorded bank service charge should be:
A. Deducted from the book balance of cash.
B. Added to the bank balance of cash.
C. Noted in memorandum form only.
D. Added to the book balance of cash.
E. Deducted from the bank balance of cash.
Answer: A
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Adjusting entries normally involve
a. real accounts only. b. nominal accounts only. c. real and nominal accounts. d. liability accounts only.
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What will be an ideal response?
________ department will use staff hours worked as a cost driver to determine the allocation base for production departments
a. Cafeteria b. Human resource c. Materials handling d. Accounting
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What will be an ideal response?