The steps to reconcile the balance of the bank statement to the adjusted balance include adding outstanding cheques, deposits, and bank service charges to the bank balance.
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Q55: Credit card is seen as an advantage
Q56: The quick ratio is current assets divided
Q57: Bank service charges are treated as a
Q58: Banks normally use a flat rate fee
Q59: An error made by the bank should
Q61: Cash equivalents
A) Include savings accounts
B) Include chequing
Q62: Principles of internal control include:
A) Record purchases
Q63: Cash equivalents
A) Are readily convertible to a
Q64: Policies and procedures used to promote efficient
Q65: Internal control procedures:
A) Eliminate the risk of
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