An Analysis That Explains the Difference Between the Balance of a Chequing

question 57

Multiple Choice

An analysis that explains the difference between the balance of a chequing account shown in the depositor's records and the balance shown on the bank statement is a(n) :

• A)Analysis of debits and credits.
• B)Internal audit.
• C)Bank audit.
• D)Trial reconciliation.
• E)Bank reconciliation.

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Definitions:

Success

The accomplishment of an aim or purpose.

Assembling Invoices

The process of gathering and organizing invoices related to transactions or services rendered.

Financial Resources

Assets, funding, and capital available to an individual or organization to cover expenses, undertake new projects, or invest.

Human Resources

The department within an organization that is responsible for recruiting, managing, and directing people.