Question

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Answer 1

1	Bank reconciliation requires
	to the check the bank error
	to help identify the unware transactions like EFT bank service
	to check all the cash transactions are recorded
	So correct is all the oter answers are correct
21	Liquidity ratio refers to the the ability of the company to meet terms obligations
	So correct answer is it refers to the ability of the company to meet short term obligations
31	Safety of asset, realibility of its financial reporting and compalince are check by internal controls
	Correct answer is Internal controls
41	If the entry is recorded only to one side that is either debit or credit it will make trial balance out
	So correct answer is an entry recorded only to debit side