Which of the Following Procedures Is NOT Part of the Preparation

question 55

Multiple Choice

Which of the following procedures is NOT part of the preparation of a bank reconciliation for a chequing account?

• A) comparing deposits listed on the bank statement to the cash account to identify deposits in transit
• B) comparing cancelled cheques returned with the bank statement to the cash account to identify outstanding cheques
• C) looking for bank services charges and other items on the bank statement that have not yet been included in the cash account
• D) reversing the transactions recorded on the company's records not appearing on the bank statement

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Definitions:

Critical Thinking Skills

The ability to think clearly and rationally, understanding the logical connection between ideas and critically assessing arguments or propositions.

Mathematical Arguments

Logical reasoning based on mathematical principles and evidence to support assertions or hypotheses.

Informed Decisions

Choices made based on a clear understanding of all relevant information and implications.

Dichotomous Conceptualization

The classification of phenomena into two distinct and mutually exclusive categories.