Which of the Following Bank Reconciliation Items Would NOT Be

question 87

Multiple Choice

Which of the following bank reconciliation items would NOT be reflected in a journal entry?

• A) Bank service charges
• B) Collection of a note by the bank
• C) Outstanding cheques
• D) NSF customer cheque

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Definitions:

Financial Status

Describes the current state of an individual's or organization's finances, encompassing aspects such as income, debts, assets, and liabilities.

Potential Suppliers

Companies or individuals who might be able to provide goods or services that an organization needs.

Buying Center

A group of people within an organization who are involved in the decision-making process for a purchase.

Deciders

Individuals or groups within an organization who have the authority to make final purchasing decisions.