A Bank Reconciliation Should Be Prepared

question 24

Multiple Choice

A bank reconciliation should be prepared

• A)whenever the bank refuses to lend the company money.
• B)when an employee is suspected of fraud.
• C)to explain any difference between the depositor's balance per books with the balance per bank.
• D)by the person who is authorized to sign checks.

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Definitions:

Psychological Disorders

Mental disorders characterized by patterns of behavior or thought that are significantly distressing or impairing in daily functioning.

Deviant

Behavior or actions that deviate from societal norms or values, often arousing negative social sanctions.

Dysfunctional

Refers to behaviors or relationships that are abnormal or impaired, often leading to negative consequences.

Behavior

The range of actions and mannerisms made by individuals, organisms, systems, or artificial entities in conjunction with themselves or their environment.