11) Outstanding cheques are:
A) added to the book balance.
B) added to the bank balance.
C) subtracted from the book balance.
D) subtracted from the bank balance.
E) not part of the bank reconciliation.
12) The ________ usually assumes responsibility for the custody of cash.
A) Controller
B) purchasing agent
C) treasurer
D) manager
E) vendor
13) Deposits in transit are:
A) subtracted from the book balance.
B) added to the book balance.
C) subtracted from the bank balance.
D) added to the bank balance.
E) not part of the bank reconciliation.
14) NSF cheque amounts are:
A) added to the bank balance.
B) subtracted from the bank balance.
C) added to the book balance.
D) subtracted from the book balance.
E) not part of the bank reconciliation.
15) After the mail room employee open the cash receipts, the cheques then go to the __________.
16) After the mail room employee open the cash receipts, the remittance advices go to the __________.
17) The __________ verifies the amount of the deposit and the total amount posted to the cash account.
18) The Pumpkin Party Company deposited $1,000 into its bank account, but the bank statement does not show the deposit. This $1,000 is an example of a(n) __________.