Which of the Following Is a Key Function of the Close

question 24

Multiple Choice

Which of the following is a key function of the close of a report?

• A)It indicates why the subject matter is important
• B)It interprets data
• C)It supports your recommendations
• D)It analyzes information gathered during research
• E)It summarizes key points

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Definitions:

Documentation

Written or electronic records that provide evidence of transactions, processes, or agreements.

Verification

The process of ensuring the accuracy and validity of data or documents.

Bank Reconciliation

A process that explains the difference between the bank balance shown in a company's bank statement and its financial records.

NSF Check

A check that cannot be processed due to insufficient funds in the account it is drawn on, commonly known as a bounced check.