No Journal Entries Are Required for the Reconciling Items on the Bank

question 29

Multiple Choice

No journal entries are required for the reconciling items on the bank side because ________.

• A)those transactions have already been recorded in the company's 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

---

Definitions:

Conviction

A strong belief or opinion that is held with confidence and determination.

Desire

The third step in the prospect’s mental buying process. It is created when prospects express a wish or wanting for a product.

Opinion

A personal view, attitude, or appraisal formed in the mind about a particular matter.

Core Principles of Professional Selling

Essential guidelines or values that underpin effective and ethical sales practices in a professional setting.