A cash disbursement clerk issues a cheque that has been approved by the accounting manager and records all cheques issued in a cheque register. At the end of the month accounting manager reconciles cheque register to bank statement. This is an example of:Question 8AnswerSelect one:a.separating record-keeping from asset custody.b.separating transaction authorisation from reconciliation.c.separating asset custody from transaction authorisation.d.all options are correct.

In preparing a bank reconciliation statement, the amount of cheques outstanding would be?Question 4Answera.Added to the bank balance according to the depositor’s recordsb.Deducted from the bank balance according to the bank statementc.Added to the bank balance according to the bank statementd.Deducted from the bank balance according to the depositor’s records

Which of the following would be added to the ending balance as per the bank statement toenable reconciliation of that balance to the Cash at Bank account balance:(a) Dishonoured cheque(b) Cash receipt journal error recording cash of $454 which should have been recorded as$445(c) Unpresented cheque(d) Deposit not yet credited(e) Bank error in processing a receipt crediting $463 whereas $436 should have beencredited

Which of the following would be added to the balance of the cash at bank account in the books on a bank reconciliation? Group of answer choices Outstanding cheques Outstanding deposits Notes collected by the bank Service charges

The cash disbursement clerk performs all of the following tasks exceptSelect one:a.signs checksb.prepares checksc.reviews the supporting documents for completeness and accuracyd.marks the supporting documents paid

Control over cash disbursements is generally more effective when: Group of answer choices payments are made by cheque. all bills are paid in cash. all purchases are made on credit. disbursements are made by the accounts payable subsidiary clerk.