A Bank Reconciliation Is an Example of Which Type of Control

question 41

Multiple Choice

A bank reconciliation is an example of which type of control?

• A)An input control.
• B)An output control.
• C)A preventive control.
• D)A detective control.

Distinguish between direct and indirect request strategies and their appropriate use in persuasive communication.

Understand the implications and results of international assessments like PISA.

Comprehend the physical and sexual development processes during puberty.

Recognize the challenges and completion rates in higher education.

---

Definitions:

Revenue Recognition Standards

Guidelines that dictate how and when revenue should be recorded and recognized on the financial statements to ensure consistency and comparability across different businesses.

Sales Discounts

Reductions in the price of goods or services offered to customers to prompt early payment or bulk purchases.

Sales Returns

Goods returned by the buyer to the seller for a refund or credit, often due to issues like defects or dissatisfaction.

Adjusting Entries

Journal entries made in accounting at the end of a reporting period to allocate income and expenditures to the period in which they actually occurred.