Author Question: Which of the following is NOT correct when preparing a bank reconciliation? A) Outstanding checks ... (Read 160 times)

wrbasek0

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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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Answer to Question 1

A

Answer to Question 2

C



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