The Following Five Items Are Usually Considered to Be Part

question 99

Essay

The following five items are usually considered to be part of the bank reconciliation process:
1. Outstanding cheques
2. Deposits in transit
3. NSF Cheques
4. Bank collection of notes receivable on company's behalf
5. Service charge
Instructions
Classify each item as (1) an addition to the book balance; (2) an addition to the bank balance; (3) a subtraction from the book balance; or (4) a subtraction from the bank balance.

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Definitions:

Émile Durkheim

A founding figure in sociology, Durkheim is known for his exploration of social phenomena including the study of social cohesion and the role of religion in society.

Collectivity

A substantial number of people who join together on the basis of loosely defined norms.

Sociologists

Experts or scientists who study societies, examining the structures, systems, and dynamics of human interaction and social behavior.

Equilibrium Theory

The assertion that a system’s natural state is one of balance and harmony.