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  • In a manual bookkeeping system, transactions are first recorded in: #251
  • In a manual bookkeeping system, each amount in a journal is posted to an #252
  • On the balance sheet, accruals, notes payable, and account payable are listed under which category? #253
  • Earnings that have a cumulative amount and are not paid to the stockholder as a dividend is known as #254
  • The significance of using the field ‘Do not Account After’ is: #255
  • For effective internal accounting control, employees maintaining the accounts receivable subsidiary ledger should not also be approved. #256
  • Which of the following departments should have the responsibility for authorizing payroll rate changes? #257
  • To achieve good internal accounting control, which department should perform the activities of matching shipping documents with sales orders and preparing daily sales summaries? #258
  • Proper authorization procedures in the revenue cycle usually provide for the approval of bad debt write offs by an employee in which of the following departments? #259
  • Which of the following is not a common reason for small-business failure? #260
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