Which of the Following Items Are Both Reconciling Items on the Bank

question 93

Multiple Choice

Which of the following items are both reconciling items on the bank side of the reconciliation?

• A)Deposit in transit and outstanding cheques
• B)Outstanding cheques and correction of book error
• C)Deposit in transit and dishonoured cheque
• D)Bank service charge and correction of book error

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Definitions:

Ethical Standards

The principles of right conduct guiding what people consider to be morally good or bad in their behavior and decision-making.

National Boundaries

Geographical borders that define the territorial limits of a country, affecting its governance, economy, and international relations.

Ethical Behaviour

Ethical behaviour refers to actions guided by principles that consider the wellbeing of society and are morally right and good.

Cultural Context

refers to the patterns of behaviors, beliefs, and values that characterize a group of individuals or a society.