Flash Mobs, a Behavior Craze of 2003, Resulted in a Considerable

question 96

True/False

Flash mobs, a behavior craze of 2003, resulted in a considerable degree of injury and property loss.

---

Definitions:

Bank Reconciliation

Bank reconciliation is the process of matching and comparing the balances in an entity’s accounting records for a cash account to the corresponding information on a bank statement.

Deposits In Transit

Refers to cash and checks that have been received and recorded by an entity but have not yet been deposited in the bank account.

Bank Reconciliation

The process of matching and comparing figures from the accounting records against those presented on a bank statement to see if they are consistent.

Company Books

Official records maintained by a business documenting its financial transactions and activities.