Which of the Following Is a Correct Statement Regarding the Bank

question 21

Multiple Choice

Which of the following is a correct statement regarding the bank reconciliation?

• A) The bank reconciliation is part of the general ledger.
• B) Journal entries need to be made for all transactions on the bank side to get the accounts up-to-date.
• C) Journal entries need to be made for all transactions on the book side to get the accounts up-to-date.
• D) The bank reconciliation is part of the journal.

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Definitions:

Incidental Learning

The process of acquiring knowledge unintentionally or without conscious effort during an activity not specifically designed for learning.

Latent Learning

Learning that occurs without apparent reinforcement but is not demonstrated until an incentive is provided.

Traumatic Amnesia

Memory loss following a traumatic event, where the individual may be unable to recall important personal information or details of the trauma.

Repression

A defense mechanism in psychoanalytic theory where unwanted or distressing thoughts and memories are unconsciously pushed out of conscious awareness.