The Most Confusing Type of a Relationship Is the ________

question 60

Multiple Choice

The most confusing type of a relationship is the ________ relationship.

• A) 1:N
• B) M:M
• C) N:M
• D) 1:1
• E) N:1

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Definitions:

Bank Reconciliation

The process of comparing a company’s financial records and balance with its bank statement to ensure consistency and accuracy in the recorded transactions.

Journal Entry

A record in the accounting journal that represents a single business transaction through the debit and credit of financial accounts.

Bank Service Charge

Fees charged by a bank to a customer for account maintenance and other banking services.

Deposits In Transit

Funds that have been sent to a bank but not yet recorded in the bank's records, typically due to timing differences.