An Analysis That Explains the Difference Between the Balance of a Chequing

question 34

Multiple Choice

An analysis that explains the difference between the balance of a chequing account shown in the depositor's records and the balance shown on the bank statement is a(n)

• A) Internal audit
• B) Bank reconciliation
• C) Bank audit
• D) Trial reconciliation
• E) Analysis of debits and credits

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Definitions:

Knowledge Technique

A method or strategy employed to enhance the acquisition and understanding of information.

Recall Test

A measurement tool used in marketing research to assess how well a consumer can remember and recount specific information or advertisements after a certain period.

Recognition

The action or process of acknowledging or identifying something or someone as being valid or important.

Associative Network Model

A cognitive model suggesting that ideas, images, and concepts are stored in memory as nodes interconnected by associative links.