Bank debit cards get their name from:
A) Banks debit your account when they take the money out of it.
B) The fact that a debit is made to Cash by the business receiving the money.
C) It is the opposite of a credit card.
D) The fact that a debit is made to Cash by the business receiving the money and banks debit your account when they take the money out of it.
E) None of these answers is correct.
Correct Answer:
Verified
Q80: Internal control procedures for cash receipts require:
A)Separation
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Q83: The custodian of a $450 petty cash
Q84: Credit card expense may be classified as:
A)A
Q86: In reimbursing the petty cash fund:
A)Expense accounts
Q87: A cheque:
A)Involves the maker, the payee, and
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Q89: In reconciling the bank balance, an unrecorded
Q90: A bank issues a debit memorandum:
A)To notify
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