Which of the Following Procedures Is Not Part of the Preparation

question 31

Multiple Choice

Which of the following procedures is not part of the preparation of a bank reconciliation for a checking account?

• A) Comparing deposits listed on the bank statement to the cash account to identify deposits in transit
• B) Comparing cancelled checks returned with the bank statement to the cash account to identify outstanding checks
• C) Looking for bank services charges and other items on the bank statement that have not yet been included in the cash account
• D) Reversing all the transactions recorded on the company's records that do not yet appear on the bank statement

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Definitions:

Statement of Purpose

A written document that outlines an individual's intentions and objectives, often used in academic or professional applications.

Internal Reports

Documents created within an organization to communicate information, updates, or findings among its members.

External Reports

Documents that communicate a company's or organization's status or performance to outside entities, such as regulatory bodies, investors, or the public.

Valid Data

Accurate and reliable information that is relevant and appropriate for the context in which it is used.