QUESTION 6Reducing expense to increase operating profit is representative of:A.safeguarding assets.B

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QUESTION 6Reducing expense to increase operating profit is representative of:A.safeguarding assets.B.following company policies.C.promoting operational efficiency.D.ensuring accurate, reliable accounting records.QUESTION 7Which of the following items will NOT appear on the book side of the reconciliation?A.The bank collected a note receivable of $1,000 for the business.B.A nonsufficient funds check of $75 was returned to the bank and deducted from the bank balance.C.A deposit was in transit and not yet deposited in the bank.D.The bank charged a service fee of $20 on the bank statement.