In a Bank Reconciliation,a Book Error Will Be Shown on the Bank

question 171

True/False

In a bank reconciliation,a book error will be shown on the bank side of the reconciliation.

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Definitions:

Morality

Pertains to the principles concerning the distinction between right and wrong or good and bad behavior.

Relative

A person connected to another or others by blood or marriage, or a concept that is considered in relation or proportion to something else.

Cost-benefit Analysis

A systematic approach to estimate the strengths and weaknesses of alternatives in terms of their costs and benefits, often used in decision making and project evaluations.

Economic Efficiency

The optimal allocation of resources to maximize the production of goods and services.