Which of the Following Statements Pertaining to Bank Reconciliations Is

question 79

Multiple Choice

Which of the following statements pertaining to bank reconciliations is false?

• A)Outstanding checks are deducted from the bank cash balance.
• B)Deposits in transit are added to the bank cash balance.
• C)Bank service charges are deducted from the bank cash balance.
• D)Non-sufficient funds checks identified in the bank statement are deducted from the book cash balance.

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Definitions:

Coin Flip

A basic randomization method used to determine outcomes by flipping a coin.

Probability

A measure of the likelihood that an event will occur, expressed as a number between 0 and 1, where 0 indicates impossibility and 1 indicates certainty.

52-Card Deck

A standard deck of playing cards used in many card games, consisting of four suits: hearts, diamonds, clubs, and spades, each with 13 ranks from Ace through King.

Draw

To produce a picture or diagram by making lines and marks on paper with a pencil, pen, etc., or within the context of games, a result in which opponents finish with equal scores.