While Preparing a Bank Reconciliation,which of the Following Items Would

question 139

Multiple Choice

While preparing a bank reconciliation,which of the following items would be added to the bank statement balance?

• A)Outstanding checks
• B)Deposits in transit
• C)Bank service charges
• D)Interest earned on the bank account

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Definitions:

Negligence

A failure to exercise appropriate and/or ethical ruled care expected to be exercised amongst specified circumstances, leading to harm or damage.

Reasonable Person

A legal standard used to determine how an average person would responsibly act under similar circumstances.

Society Expect

The anticipations or beliefs regarding behavior, norms, or achievements considered standard or desirable by a community or group.

Duty Of Care

Duty of care is a legal obligation to act with a certain level of attention, caution, and prudence to avoid harm to others or their properties.