Which of the Following Maintains a Record of the Inflows

question 26

Multiple Choice

Which of the following maintains a record of the inflows and outflows in a cash account?

• A) Overdraft balance
• B) Bank available balance
• C) Bank ledger balance
• D) Company book balance

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Definitions:

Lacks Reliability

A term indicating that a process, test, or result does not consistently produce the same measurements or outcomes under the same conditions, questioning its trustworthiness.

Lacks Validity

A term indicating that a measure or study does not accurately reflect or measure what it is supposed to.

Reliability

The degree to which a measurement, test, or instrument yields consistent results over time, contributing to its trustworthiness and accuracy.

Validity

The extent to which a test, measure, or research adequately reflects or assesses the specific concept it is intended to.