Which of the Following Is Not Needed to Reconcile an Account

question 4

Multiple Choice

Which of the following is not needed to reconcile an account?

• A)Check register
• B)Payroll records
• C)Deposit records
• D)Bank statements

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Definitions:

Supply Chain Management

The oversight of materials, information, and finances as they move from supplier to manufacturer to wholesaler to retailer to consumer.

Work In Process

Inventory or products that are in the production process but are not yet completed, representing a stage between raw materials and finished goods.

Just-In-Time (JIT) Scheduling

Minimises inventory by routing materials to workstations ‘just in time’ to be used.

Timely Basis

Performing or completing tasks within an appropriate or specified period to achieve desired outcomes.