Deposit slip - Study guides, Class notes & Summaries

MAINTAINING A BOOKKEEPING SYSTEM EXAM QUESTIONS AND ANSWERS Bookkeeping can create a? - ANSWER-A daily journal that provides a financial record showing patients seen services provided, charges, payments made, and outstanding balances. A deposit slip is created from? - ANSWER-the totals entered as payment is made Most agencies use password protection for? - ANSWER-for only authorized individuals are allowed access to the financial information

ACCT 3340 SUA Test (2023/2024) Already Graded A Basic Steps in the Sales/Collection Process 1. Take the customer's order 2. Approve the customer's credit 3. Fill the approved order 4. Ship the product 5. Bill the customer 6. Receive payment 7. Sales returns 8. Identify and write off uncollectible accounts 1. Take the customer's order a. Can be written, electronic, or verbal b. Not a recordable transaction (no entry is made until the order is shipped) 2. Approve the customer's credit a. App...

ETH001 Questions with complete solution 2024/2025 ETH001 A CPM Member was accused of rejecting two job applicants due to their race - correct answer Article 11 - Equal Opportunity A CPM Member used a family member as the snow removal vendor for a property. A slip and fall accident occurred on the property as a result of sidewalks that were not adequately salted. The CPM Member was accused of not enforcing company standards with the family vendor - correct answer Article 7 - Conflict o...

If a person makes a deposit of $10,000 or more into a bank account, the bank must notify the: correct answer: US Treasury Department The term used to describe the ease and speed with which you can convert savings or an investment to cash is: correct answer: Liquidity Which financial product typically pays the highest rate of interest? correct answer: Certificate of Deposit What action should a person take who must make a tuition payment at the end of August each year? correct answer:...

If a person makes a deposit of $10,000 or more into a bank account, the bank must notify the: - Answer US Treasury Department The term used to describe the ease and speed with which you can convert savings or an investment to cash is: - Answer Liquidity Which financial product typically pays the highest rate of interest? - Answer Certificate of Deposit What action should a person take who must make a tuition payment at the end of August each year? - Answer Decide how much mo...

If a xenolith included within an igneous pluton has a numerical age of 55 million years (Ma) old, what can you infer about the age of the pluton? - Answer-the pluton formed after 55 Ma ago Radiocarbon is first produced in the ______ when neutrons strike ______ atoms. - Answer-atmosphere; nitrogen-14 A minimum of ______ seismic stations is necessary to determine the focus of an earthquake. - Answer-3 Which seismic wave will be the last to reach a seismic station following an earthquake? - An...

Journal Entry for $10k sale on Account Journal Entry for Collection of $10K cash 2 week later correct answers Accounts Receivable 10,000 Sales Revenue 10,000 Cash 10,000 Accounts Receivable 10,000 What is a bill of lading? What's the significance for accountants? correct answers Shipping document (Ex. Fedex, UPS, Post Office) Evidences revenue recognition (shows revenue was earned and product was shipped) What's a purchase requisition? correct answers A purchase requisition is an ...

PSI TN (State) Exam Questions and Answers (Graded A) PSI TN (State) Exam Questions and Answers (Graded A) PSI TN (State) Exam Questions and Answers (Graded A) What is the purpose of an escrow account? - ANSWER-Keep money that doesn't belong to you SEPARATE from personal account/money Who is responsible for looking after Escrow Accounts for property? - ANSWER-Broker Another name for Escrow Money (earnest money, security deposits) is_________? - ANSWER-Trust Money When a Broker ge...

What is the purpose of an escrow account? - correct answer Keep money that doesn't belong to you SEPARATE from personal account/money Who is responsible for looking after Escrow Accounts for property? - correct answer Broker Another name for Escrow Money (earnest money, security deposits) is_________? - correct answer Trust Money When a Broker get...

Personal Finance Banking Terms Exam Questions with Complete Solutions Deposit Slip - Answer-Use this when you add money to your checking account Outstanding check - Answer-A check that the bank has not processed or paid yet Reconciliation - Answer-Making sure that your check registerand the bank statement agree NSF check - Answer-A check that is not paid when presented because a depositor's account does not have enough cash to cover it Bank Statement - Answer-A document receiv...