1- Multiple Choice Question 107 A bank statement is a bill from the bank for services rendered . is a credit reference letter written by the depositor ’ s bank .
shows the activity which increased or decreased the depositor ’ s account balance .
lets a depositor know the financial position of the bank as of a certain date .
2- IFRS Multiple Choice Question 233 The principles of internal control activities are used in the internationally but not in the U . S . in the U . S . and Canada but not globally . globally . U . S . but not globally . 3- Multiple Choice Question 71 Postage stamps on hand are considered to be cash . petty cash .