If a bank reconciliation includes interest revenue, a journal entry is required which credits Cash and debits Interest Revenue
Indicate whether the statement is true or false
FALSE
You might also like to view...
Style is a larger concept than design. Design simply describes the appearance of a product
Indicate whether the statement is true or false
Proctor and Gamble announced that it would sell off or close down up to 100 of its brands. This is an example of which turnaround strategy used by successful companies?
A. global expansion B. piecemeal productivity improvements C. asset and cost surgery D. selective product and market pruning
A 99-percent refund of duties and taxes paid on merchandise that is imported, subjected to manufacturing operations and exported within five years, is:
a. a tariff preference. b. a customs drawback. c. a manufacturing drawback. d. a tariff return.
Which of the following is correct under the Second Restatement with regard to actual notice to a third party of the termination of an agent's authority to act on behalf of the principal?
A) Publication in a newspaper of general circulation in the area is sufficient if the third party is one with whom the agent had previously dealt on credit. B) If notice is given by mail, it is effective as actual notice upon delivery to the third party. C) A personal telephone call to the third party will not suffice, because actual notice must be in writing. D) Actual notice is not required when the agent has been specially accredited to deal with the third party.