Questions from College Accounting

Q: Discuss how smartphone apps are making banking more mobile.

Discuss how smartphone apps are making banking more mobile.

Q: Why do adjustments to the checkbook balance in the reconciliation process need

Why do adjustments to the checkbook balance in the reconciliation process need to be journalized?

Q: What is EFT?

What is EFT?

Q: What are the major advantages and disadvantages of online banking?

What are the major advantages and disadvantages of online banking?

Q: What is meant by check truncation or safekeeping?

What is meant by check truncation or safekeeping?

Q: How does one calculate Paid-In Capital in Excess of Par

How does one calculate Paid-In Capital in Excess of Par Value or Stated Value?

Q: Petty cash is a liability. Agree or disagree? Explain.

Petty cash is a liability. Agree or disagree? Explain.

Q: Explain the relationship of the auxiliary petty cash record to the recording

Explain the relationship of the auxiliary petty cash record to the recording of the cash payment.

Q: At the time of replenishment, why are the totals of individual

At the time of replenishment, why are the totals of individual expenses debited?

Q: Explain the purpose of a change fund.

Explain the purpose of a change fund.