Question 1 From the For review tab in the Banking center, how can you exclude a bank transaction that is a duplicate? Find transaction > Select Update in banner > Exclude Find transaction > Edit > Save and exclude Find transaction > Select Exclude under Action column Find transaction > Check box next to transaction > Select Exclude in banner

Question 1 From the For review tab in the Banking center, how can you exclude a bank transaction that is a duplicate? Find transaction > Select Update in banner > Exclude Find transaction > Edit > Save and exclude Find transaction > Select Exclude under Action column Find transaction > Check box next to transaction > Select Exclude in banner

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Your customer has paid their bill, yet the Accounts Receivable balance has not changed. Which of the following could have caused this error? A Bypassing the Pay Bills window and writing a check to the vendor B Deleting the deposit before reconciliation C Running the Open Invoices report before accepting payment D Bypassing the Receive Payments window and entering the payment directly in the Bank Deposits window
What type of internal control is matching supporting documents before paying an invoice?
Name the four basic components of an AIS.When special journals are used, where are all the cash payments by cheque recorded?How do debits and credits remain equal when credit sales to customers are posted twice (once to the Accounts Receivable controlling account and once to the customer’s account in the sub-ledger)?How do we identify the journal from which an amount in a ledger account was posted?What is the normal recording and posting procedure when using special journals and controlling accounts with sub-ledgers?7. Why does a company need a general journal when using special journals for sale, purchases, cash receipts, and cash disbursements?
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Question 5 What are 2 limitations of the Reclassify transactions tool? You can't change the payment bank account when reclassifying expense transactions You can't change the class on deposit transactions You can't change the class when reclassifying expense transactions You can't change the location when reclassifying expense transactions You can't change the account for inventory adjustments
1 Only the answer without explain A or B or C or D
The only module in MYOB where "Transaction Journal" is NOT an available option to select from the command centre is: Select one: a. Banking O b. Inventory c. Purchases O d. Card File
Question. Which of the following transactions has to be recorded in the journal? Specify whether the entry will be a debit or a credit and the account to which it will be applied. If "NA" is not applicable, choose it.
2nd-assignment-Flnacc (Protected View) - Microsoft Word AYOUT REFERENCES MAILINGS REVIEW VIEW et can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing . I 1 ..I · 2. .. 3. I . 4 ..1 . 5 Problem -2: In the course of your audit of the Romen Company, its controller is attempting to determine the amount of cash to be reported on its December 31, 2016 balance sheet. The following information is provided: 1. Commercial savings account of P1,200,000 and a commercial checking account balance of P1,800,000are held at Union Bank. 2. Travel advances of P360,000 for executive travel for the first quarter of the nest year (employee to reimburse through salary deduction). 3. A separate cash fund in the amount of P3,000,000 is restricted for the retirement of a long term debt. 4. Petty cash fund of P10,000 5. 1.O.U.from a company officer in the mount of P 40,000. 6. The company has two certificates of deposit, totaling P1,000,000. 7. The company received a…
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