Reference no: EM132689448

Problem 1: Which of the following documents originates outside the company?

Option 1: Purchase order

Option 2: Cash sale invoice

Option 3: Bill of lading

Option 4: Vendor Invoice

Problem 2: A common cause between the difference of cash on the General Ledger and the Bank Statement is:

Option 1: Deposits recorded in the books one period, but not deposited until the next period

Option 2: Checks that have been cleared in the bank and on the books

Option 3: Accounts Receivable discrepancies

Option 4: Deposits that have been cleared in the bank and on the books

Problem 3: What are the two sub-cycles to in the payroll cycle?

Option 1: Cash receipts and accruals

Option 2: Payments of employee services and payroll accruals

Option 3: Employee subcards and vacation hours

Option 4: Wages expenses and payroll tax payable