The Principal Reason for Reconciling the Cash Balance Per Books

question 57

Multiple Choice

The principal reason for reconciling the cash balance per books with the balance shown on the bank statement is to:

• A)determine the amount of cash in the account actually available to the entity.
• B)satisfy generally accepted accounting principles.
• C)verify the amount of petty cash on hand.
• D)determine whether or not the entity has issued an NSF check.

---

Definitions:

Permeable

Allowing liquids or gases to pass through; often used metaphorically to suggest openness to ideas or influences.

Behavioral System

A framework or model used to describe and explain the patterns of behavior individuals exhibit within various environments.

Interpersonal-Integrative System

A theoretical framework that combines interpersonal relations and integrative methods to enhance healthcare outcomes.

Mind-Body-Spirit

An integrative perspective that emphasizes the interconnectedness of the psychological, physical, and spiritual aspects of a person's being.