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ACCOUNTING QUIZ 5

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Institution Financial Accounting 5th Canadian Edition
Course Financial accounting 5th canadian edition
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Exam of 3 pages for the course Financial accounting 5th canadian edition at Financial accounting 5th canadian edition (ACCOUNTING QUIZ 5)

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ACCOUNTING QUIZ 5


Each12month12the12bank12sends12the12company12a12___________________12that12summarizes12the12c
ompany's12banking12activities12during12the12month.

Select12one:

a.12bank12book

b.12bank12statement12

c.12cash12disbursements12journal

d.12cash12receipts12journal12-12b.12bank12statement



In12a12large12company,12authority12to12acquire12inventory12should12be12given12to:

Select12one:

a.12All12employees.

b.12The12accountants.

c.12The12shareholders.

d.12Designated12purchasing12officers.12-12d.12Designated12purchasing12officers.



Which12of12the12following12is12not12a12component12of12working12capital?

Select12one:

a.12Furniture.12

b.12Accounts12payable.

c.12Petty12cash12fund.

d.12Inventory.12-12a.12Furniture.

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