In a Bank Reconciliation,a Book Error Will Be Shown on the Bank

question 171

True/False

In a bank reconciliation,a book error will be shown on the bank side of the reconciliation.

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Definitions:

Receiving Report

A document used to record the receipt of goods from suppliers, detailing the quantities and condition of items delivered.

Reverse Order

A method of arranging or presenting items so that the last becomes first and the first last.

Last-In, First-Out

An inventory valuation method where the costs of the most recently produced or purchased items are the first to be expensed.

Receiving Report

A document used to record the receipt of goods from a supplier, noting quantities and condition of the items received.