Which of the Following Items Are Reconciling Items on the Book

question 201

Multiple Choice

Which of the following items are reconciling items on the book side of the reconciliation?

• A) outstanding checks and correction of book error
• B) deposit in transit and NSF check
• C) bank service charge and outstanding checks
• D) bank service charge and correction of book error

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Definitions:

Null Hypothesis

A default hypothesis that there is no statistical significance in a set of given observations, aiming to be either rejected or not rejected based on test results.

Standard Error

The standard deviation of the sampling distribution of a statistic, most commonly the mean.

Test Statistic

A calculated value used in statistical hypothesis testing to determine whether to reject the null hypothesis, based on the difference between observed data and what is expected under the null hypothesis.

Alternative Hypothesis

The hypothesis that proposes a difference or effect, in contrast to the null hypothesis, which suggests no effect.