Identify Each of the Following Reconciling Items in the Bank

question 83

Essay

Identify each of the following reconciling items in the bank reconciliation process as being a reconciling item either on the bank's side (Bank)or on the company's side (Book)of the bank reconciliation.
_____ 1.NSF check
_____ 2.Bank service charges
_____ 3.Interest earned on the checking account
_____ 4.Outstanding checks
_____ 5.Deposits in transit

---

Definitions:

Power

The ability or capacity to influence others' behavior or the course of events, often discussed in the context of politics, social relationships, or organizational dynamics, and can be derived from various sources such as position, wealth, knowledge, or social connections.

Majority Leader

The chief spokesperson of the majority party in a legislative body, responsible for coordinating and managing its legislative agenda.

Majority Whip

A legislative position within some political systems responsible for coordinating party votes and ensuring party discipline.

Legislature

A governmental body with the authority to make, amend, and repeal laws in a country or state.