When Reconciling a Bank Account, Which One of the Following

question 12

Multiple Choice

When reconciling a bank account, which one of the following is considered a timing difference (difference between the bank balance and the book balance) ?

• A)Checks that have cleared the bank
• B)Deposits recorded by the bank
• C)Outstanding checks
• D)Errors

---

Definitions:

Inventory Management

The supervision of non-capitalized assets (inventory) and stock items, including ordering, storing, and utilizing a company's inventory.

Return on Common Equity (ROCE)

A measure of a company's profitability that takes the shareholder's equity into account.

Capital

The financial resources that individuals or businesses use to fund their operations and invest in their ventures.

Common Shareholders

Individuals or entities that own common shares in a corporation, holding rights to dividends and voting in company affairs.