Please Refer to the Following Bank Reconciliation: No Journal

question 29

Multiple Choice

Please refer to the following bank reconciliation: No journal entries are required for the reconciling items on the bank side because:

• A)those transactions have already been recorded in the company ledger.
• B)the adjusted balances on both sides are the same amounts.
• C)the amounts are immaterial.
• D)those transactions are already included in the bank balance at June 30.

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Definitions:

Uncertainty Avoidance

A cultural dimension that describes the extent to which people within a culture are made nervous by situations they perceive as unstructured, unclear, or unpredictable.

Traditional Masculinity

A set of cultural norms and expectations surrounding male behavior, emphasizing traits like strength, stoicism, and dominance.

Procedural Justice

The perceived fairness of the processes and procedures used to make decisions or allocate resources in an organization.

Ethical Questions

Inquiries that involve considerations of what is morally right or wrong, often pertaining to actions, policies, or situations.