Which of the Following Items Are Both Reconciling Items on the Book

question 153

Multiple Choice

Which of the following items are both reconciling items on the book side of the reconciliation?

• A) Outstanding checks and correction of book error
• B) Deposit in transit and NSF check
• C) Bank service charge and outstanding checks
• D) Bank service charge and correction of book error

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Definitions:

Prescriptive Analytics

The set of analytical techniques that yield a best course of action.

Maximize

To increase or make as large or great as possible, often used in the context of mathematical optimization.

Minimize

To reduce to the smallest possible amount or degree.

Constraints

Restrictions or limitations on the variables of a problem which define the conditions or boundaries within which a solution must be found.