In a Bank Reconciliation, Items Recorded by the Bank, but Not

question 43

Multiple Choice

In a bank reconciliation, items recorded by the bank, but not yet recorded by the company, include:

• A)outstanding checks.
• B)bank collections.
• C)deposits in transit.
• D)both deposits in transit and outstanding checks.

---

Definitions:

Extract Data

The process of retrieving data from a database, document, or file for further use or analysis.

Analyze Group

A collective effort focusing on the examination and interpretation of data sets to identify patterns, test hypotheses, or determine relationships.

Critical Path

The longest sequence of activities in a project plan which must be completed on time for the project to complete on due date.

Project Management

The discipline of planning, executing, and overseeing resources to achieve specific goals within a defined timeline and budget.