In reconciling the bank statement, the outstanding checks are ...

[khang]

In reconciling the bank statement, the outstanding checks are added to the balance shown on the bank statement.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

If title to merchandise purchases passes to the buyer when the goods are shipped from the seller, the terms are
 a. n/30
  b. FOB shipping point
  c. FOB destination
  d. consigned

[sabina576]

Answer to Question 1

False

Answer to Question 2

b

[khang]

Thanks for the timely response, appreciate it

[peter]

Excellent