Which of the Following Would NOT Be Journalized from the Bank

question 9

Multiple Choice

Which of the following would NOT be journalized from the bank reconciliation?

• A) Outstanding checks
• B) Interest income collected by the bank
• C) Book errors
• D) Charge for printing of checks and deposit slips

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Definitions:

Substantially All

A term used in legal and finance contexts to indicate a majority or near-total portion of an asset, company's assets, or activity.

Approved

Officially accepted or sanctioned by an authoritative body, indicating compliance with specified requirements or standards.

Shareholders

Shareholders are individuals or entities that own one or more shares of stock in a corporation, making them partial owners of the company.

Model Nonprofit Corporation Act (MNCA)

A legal framework designed to guide the formation, operation, and governance of nonprofit organizations in the United States.