accounting-From information gathered from a bank statement

QUESTION

.From information gathered from a bank statement, business owners can ________. (Points : 20) view outstanding checks written by the company verify that the accounting records match the activity reported by the bank determine the amount of future cash deposits view deposits in transitQuestion 2.2.Interest revenue earned on the account is a reconciling item that is typically ________ in order to reconcile the book balance to the bank statement. (Points : 20) added to the bank balance subtracted from the bank balance added to the book balance subtracted from the book balanceQuestion 3.3.The CEO of Howard Company does not abide by the internal controls that are in place in the company. He does not adhere to several corporate policies and frequently overrides controls related to separation of duties. He openly dismisses the corporate code of conduct. Communication of his disregard for corporate policies affects which component of internal control? (Points : 20) control environment risk assessment monitoring of controls information systemQuestion 4.4.An internal control of Jones Co is to reconcile general ledger accounts to their underlying source data. This procedure addresses which goal of internal controls? (Points : 20) ensuring accurate, reliable accounting records promoting operational efficiency encouraging employees to follow company policy safeguarding assetsQuestion 5.5.A system that allows customers’ payments to be deposited directly into the bank with no interaction from employees is a(n) ________ system. (Points : 20) online banking point of sale voucher lock-box

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