Which of the Following Items Are Reconciling Items on the Bank

question 213

Multiple Choice

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

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

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Definitions:

Free Trade

refers to the absence of tariffs, quotas, and other governmental barriers to international trade, allowing goods and services to move freely across borders.

Domestic Consumption

Refers to the total amount of goods and services consumed within a country.

Domestic Price

The price of goods within a country's borders, contrasting with the price of goods in international markets.

Free Trade

An economic policy of not discriminating against imports from and exports to foreign jurisdictions, allowing goods and services to move freely across borders.