When Preparing a Bank Reconciliation, Which of the Following Items

question 78

Multiple Choice

When preparing a bank reconciliation, which of the following items should be added to the book balance?

• A) EFT receipts
• B) Deposits in transit
• C) Collection items
• D) Both EFT receipts and collection items

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Definitions:

Null Hypothesis

A statement asserting there is no effect or no difference, serving as the default or starting assumption in hypothesis testing.

Alternative Hypothesis

The hypothesis concluded to be true if the null hypothesis is rejected.

Population Parameter

A numerical value used as a summary measure for a population (e.g., the population mean, m, the population variance, s2, and the population standard deviation, s).

Type I Error

The error of rejecting H0 when it is true.