Author Question: A common item on the bank reconciliation is ________. A) outstanding checks, which are added to ... (Read 82 times)

rl · **on:** Jul 5, 2018

A common item on the bank reconciliation is ________.

A) outstanding checks, which are added to the balance per bank statement
B) outstanding checks, which are added to the balance per books
C) deposits in transit, which are added to the balance per bank statement
D) deposits in transit, which are added to the balance per books

Question 2

The four basic financial statements are the ________.

A) income statement, balance sheet, statement of changes in shareholders' equity, and cash budget
B) income statement, balance sheet, cash budget, and statement of cash flows
C) income statement, balance sheet, statement of changes in shareholders' equity, and statement of cash flows
D) balance sheet, shareholders' equity, statement of cash flows, and cash budget