To Arrive at an Accurate Balance on a Bank Reconciliation

question 36

Multiple Choice

To arrive at an accurate balance on a bank reconciliation statement,a service charge should be

• A) added to the bank statement balance.
• B) added to the book balance.
• C) deducted from the bank statement balance.
• D) deducted from the book balance.

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Definitions:

Memory Confidence

The belief in the accuracy or precision of one's own memory.

OCD

Obsessive-Compulsive Disorder, a mental health condition characterized by intrusive thoughts (obsessions) and repetitive behaviors (compulsions).

Persistent Doubting

A cognitive pattern where an individual continuously questions the validity of their thoughts, actions, or decisions, often seen in disorders such as OCD.

Memory Deficits

Memory deficits refer to impairments in the ability to remember information or events, which can be temporary or permanent, and can result from various causes including brain injury, illness, or psychological conditions.