QUIZ PASTEL

QUIZ

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¿What are bank reconciliations?

Checks issued by the company that have not been cashed.

These are balance sheet accounts versus income statement accounts cuentas de resultados

Comparison between the bank statements and the bank account balance

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What is effective?

Controls to minimize theft possibilities

Bills and coins, in a bank or cashiers, or checks

Invoices

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What is the Assignment of Invoices?

Used by companies in need of cash

It is traded on the financial market

It is an invoice agreement with banks or finance companies

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¿What is PEPS?

First in, first out

Amounts of cash to generate interest

Accounting records

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What is specific identification?

It is a strategy for calculating a company's ending inventory costs

Commissions or interest are charged

It is a loan agreement with banks

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What are discounted notes receivable?

They are traded in the financial market and are used by companies in need of cash.

Calculates abnormal amounts of waste

Owned to be sold in the normal course of business

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What is a fixed asset?

They are things to be used in operations and not for resale.

Are the costs of storage in a company

These are the debts owed by the company