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:

Market Price

The amount at which an asset is bought or sold in the market.

Shares Outstanding

The total number of a company's shares of stock that are owned by shareholders, including those held by institutional investors and restricted shares owned by the company’s officers and insiders.

Stock Split

A corporate action in which a company divides its existing shares into multiple shares to boost the liquidity of the shares, though the total market value remains the same.

Market Price

The rate currently set for the trade of assets or services in the marketplace.