Reference no: EM132698887
Problem 1: During the month-end closing process, which of the following sets of accounts should be reconciled?
A- AP, AR, Commissions Payable, Petty Cash.
B- AP, AR, Commission Expense, Petty Cash.
C- AR, Sales, Commissions, Cash, Fixed Assets.
D- AP, Commission Payable, Fixed Assets, Cost of Goods Sold.
E- All Account should be cross- Checked against the supporting documents.