Who is legally responsible for establishing and maintaining an ...

[jparksx]

Who is legally responsible for establishing and maintaining an adequate system of internal control?
 a. the board of directors
  b. stakeholders
  c. investors
  d. management

Question 2

X Company used the following items to complete its bank reconciliation for the month of October:
 
   Deposits in transit were 2,500.
   Outstanding checks totaled 1,100.
   Bank service charges were 10.
   The company correctly wrote a check for 192, but mistakenly recorded the check as 129 on its books. The bank cashed the check correctly for 192.
   A customer's check for 50 was returned by the bank, NSF.
 
  The 2,500 deposit in transit should be ________.
  A) added to the balance per bank statement
  B) deducted from the balance per bank statement
  C) added to the balance per books
  D) deducted from the balance per books

[SamMuagrove]

Answer to Question 1

D

Answer to Question 2

A

[jparksx]

Gracias!

[softEldritch]

TYSM