When You Compare the General Ledger or Bank Account Transactions

question 15

Multiple Choice

When you compare the general ledger or bank account transactions report with the bank statement -

• A)both records reveal a balanced position
• B)all deposits made are recorded on the bank statement
• C)interest and monthly fee amounts are not able to be matched to the cash account
• D)all the cheques issued have been cashed by the bank

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Definitions:

Distinctiveness

The quality of being unique or different in a manner that makes someone or something stand out from others.

Consensus

A general agreement or unified opinion among a group of people, often achieved through discussion and collaboration.

Consistency

The quality of always acting or behaving in the same way, leading to predictable and reliable outcomes or performances.

Conditioned Response

A learned reaction to a specific stimulus that occurs after repeated exposure to that stimulus.