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Author Question: Which of the following is NOT correct when preparing a bank reconciliation? A) Outstanding checks ... (Read 83 times)

wrbasek0

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on: Jul 5, 2018
Which of the following is NOT correct when preparing a bank reconciliation?
 
  A) Outstanding checks are added to the balance per books.
  B) Deposits in transit are added to the balance per bank statement.
  C) Bank service charges are deducted from the balance per books.
  D) NSF checks are deducted from the balance per books.

Question 2

The ERM framework addresses four categories of management objectives. Which category addresses the reliability of the financial statements?
 a. compliance
  b. operations
  c. reporting
  d. strategic


shaikhs

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Reply #1 on: Jul 5, 2018
Answer to Question 1

A

Answer to Question 2

C


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