The following are examples of items that appear on a bank reconciliation
Classify each item as (a) an addition to the bank balance, (b) a subtraction from the bank balance, (c) an addition to the book balance, or (d) a subtraction from the book balance.
1. NSF check
2. Deposits in transit
3. Interest revenue on checking account
4. Bank error - the bank credited the company's account for a deposit made by another customer
5. EFT rent collection
6. Service charge
7. Book error - the company credited cash for $100 when the correct amount was $1,000
8. Outstanding checks
9. Bank collection of a note receivable on behalf of the company
1. d, 2. a, 3. c, 4. b, 5. c, 6. d, 7. d, 8. b, 9. c
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With regard to the use of music in an office, which of the following is a false statement?
A. It helps reduce job boredom. B. It helps reduce nervous strain and tension. C. It results in employees' making an increased number of errors. D. Its use continues to increase.
The majority of focal firms are privately owned multinational enterprises
Indicate whether the statement is true or false