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

question 27

Multiple Choice

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

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

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Definitions:

Share Options

A benefit given by a company, allowing employees to purchase company shares at a set price in the future.

Competency-Based Rewards

Incentives and recognition given to employees based on their demonstrated skills, abilities, and achievements, rather than job titles or seniority.

Employability

Refers to the skills, knowledge, and abilities that make a person suitable for a particular job or career.

Job Evaluations

The systematic process of determining the relative worth of jobs within an organization to establish a fair and equitable pay structure.