Since the Observer Does Not Interact with the Subject in Observation

question 41

True/False

Since the observer does not interact with the subject in observation studies,observation is an error-free method of data collection.

---

Definitions:

Bank Reconciliation

The process of comparing and matching figures from the accounting records against those shown on a bank statement.

Deposit In Transit

Funds that have been received and recorded by a company but not yet reflected in its bank statement, usually due to timing differences.

Bank Reconciliation

The method of aligning the figures in a company's financial records for a cash account with the related data on a bank statement.

NSF Check

A check that cannot be processed because the account it is drawn on does not have enough funds.