Most Door and Window Contacts Are Wired as _________

question 27

Multiple Choice

Most door and window contacts are wired as _________.

• A) Normally open
• B) Normally closed
• C) Always open
• D) Always closed

Understand the treatment of outstanding checks and deposits in transit in bank reconciliations.

Recognize how notes collected by the bank and NSF checks affect bank reconciliations.

Understand the accounting treatment of petty cash transactions and replenishment.

Comprehend the concept of cash equivalents and their importance in financial statements.