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:

Differentiated Cell

A cell that has developed and specialized to perform a specific function in the body.

Genes

Sequences of DNA that contain the instructions to build and maintain an organism's cells and pass traits to offspring.

Percent

A measure or ratio expressed as a fraction of 100.