Which of the Following Bank Reconciliation Items Would Require the Cash

question 73

Multiple Choice

Which of the following bank reconciliation items would require the cash on the company's books to be reduced?

• A)Outstanding check
• B)Deposit in transit
• C)Non-sufficient funds check
• D)Bank error

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Definitions:

Title

Legal ownership rights to property, signifying that the owner has the legal right to use, control, and dispose of the property.

Goods Sold

refers to merchandise that has been purchased and transferred from the seller to the buyer.

UCC's Provisions

Regulations and rules established under the Uniform Commercial Code, governing commercial transactions in the United States.

Passage of Title

The legal process or moment when ownership of property or assets is transferred from one party to another.