All the Following Are Steps Included in the Preparation of a Bank

question 219

Multiple Choice

All the following are steps included in the preparation of a bank reconciliation except:

• A) Comparing deposits listed on the bank statement with the deposits shown in the accounting records.
• B) Arranging checks by serial numbers and comparing with those listed in the accounting records.
• C) Deducting any debit memoranda from the balance on the bank statement.
• D) Preparing journal entries for any adjustments to the depositor's records.

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Definitions:

Preprinted Letters

Letters or forms that are printed in advance with standard information, where specific details can be added as needed.

Sales Order

A written document issued by a seller to a buyer, confirming the sale and specifying details of the products or services ordered.

Routine Requests

Standard inquiries or appeals made in the course of daily operations or transactions, often following established procedures.

Information Context

The circumstances or background that gives meaning or clarity to specific data or facts.