简答题\n Which of the following items on a bank reconciliation may not have been known to the depositor until the bank statement had arrived? A、Bank service charges. B、An NSF check. C、A credit for interest earned. D、All three of the above.\n简答题\n When a petty cash fund is in use, ____ A、petty cash is debited only when the fund is replenished. B、the general bank account is debited only when this fund is established. C、small payments are made out of cash receipts before they are deposited. D、expenses paid from the fund are recorded when the fund is replenished.\n简答题\n Internal control is strengthened if all cash receipts are deposited daily at the bank. \n简答题\n Which of the following items should not be included in the Cash caption on the balance sheet? A、Coins and currency in the cash register. B、Checks from other parties presently in the cash register. C、Amounts on deposit in checking account at the bank. D、Postage stamps on hand.\n简答题\n To establish a strong internal control over cash transactions, the person responsible for opening the company mail should also be responsible for maintaining a record of cash received and for depositing the cash in the bank. \n简答题\n In the preparation of a bank reconciliation, the presence of a number of large outstanding checks would suggest that the balance per the bank statement is probably larger than the balance per the depositor's records. \n简答题\n Internal control is strengthened by a policy of making payments by check, or from cash receipts, or from a petty cash fund.\n简答题\n During preparation of a bank reconciliation, outstanding checks should be ____ A、added to the balance per the bank statement. B、deducted from the balance per the bank statement. C、added to the balance per the depositor's records. D、deducted from the balance per the depositor's records. \n简答题\n The term cash equivalent refers to ____ A、an item such as a money order, traveler's check, or check from a customer. B、an account receivable from a reliable customer who has always paid bills within the discount period. C、a guaranteed line of credit at the company's bank. D、very liquid short-term investments such as U.S. Treasury bills and commercial paper. \n多选题\n On October 1, Wong Company established a petty cash fund of 350 at the end of October includes ____ A、a debit to Petty Cash of 350. C、a debit to various expenses of $150. D、no journal entry; an entry is needed only when the petty cash fund is created or discontinued.\n简答题\n Which of the following is considered cash? A、Certificates of deposit (CDs) B、Money market checking accounts C、Money market savings certificates D、Postdated checks\n简答题\n Expenses paid through petty cash are recorded in the accounting records ____ A、when the petty cash fund is initially established. B、on the date the petty cash funds are disbursed. C、when the petty cash fund is replenished. D、only at the end of the accounting periods. \n简答题\n The entry to record the replenishment of the petty cash fund consists of a debit to Petty Cash and a credit to Cash. \n简答题\n The first step in a bank reconciliation is to update the depositor's accounting records for any deposits-in-transit.\n简答题\n The purpose of establishing a petty cash fund is to A、achieve internal control over small cash disbursements not made by check. B、keep track of expenditures paid out of cash receipts from customers prior to deposit. C、ensure that the amount of cash in the bank does not become excessive. D、keep enough cash on hand in the office to cover all normal operating expenses of the business for a period of time.\n简答题\n The term cash includes currency, coin, checks, money orders, and government bonds and notes.\n简答题\n The balance shown on a bank statement is always less than the month-end balance of a company's cash account in the general ledger. \n简答题\n Efficient management of cash does not involve ____ A、borrowing money. B、having a single department to handle all aspects of a cash transaction. C、continual revision of cash forecasts. D、investing liquid resources in a variety of bank accounts and cash equivalents.\n简答题\n If the Cash Short and Over account has a debit balance at the end of the accounting period, it is shown as miscellaneous revenue in the income statement. \n简答题\n For a company to have large amounts of cash over and above the amount needed to make necessary payments is indicative of poor cash management. \n