No Journal Entries Are Required for the Reconciling Items on the Bank

question 29

Multiple Choice

No journal entries are required for the reconciling items on the bank side because ________.

• A)those transactions have already been recorded in the company's ledger
• B)the adjusted balances on both sides are the same amounts
• C)the amounts are immaterial
• D)those transactions are already included in the bank balance

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Definitions:

Difficulty Connecting

Refers to the challenges or obstacles faced while attempting to establish a communication or operational link between systems, networks, or devices.

WAN

A Wide Area Network, a telecommunications network that extends over a large geographic area for the purpose of computer networking.

MAN

Metropolitan Area Network (MAN) is a large computer network that spans a metropolitan area, typically interconnecting businesses, organizations, and government entities within a city.

LAN

Local Area Network, a network that connects computers and devices in a limited geographical area like a home or office.