Which of the Following Statements Pertaining to Bank Reconciliations Is

question 77

Multiple Choice

Which of the following statements pertaining to bank reconciliations is false?

• A)Outstanding checks are deducted from the bank cash balance.
• B)Deposits in transit are added to the bank cash balance.
• C)Bank service charges are deducted from the bank cash balance.
• D)Non-sufficient funds checks identified in the bank statement are deducted from the book cash balance, not the bank cash balance.

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Definitions:

Self-Actualizing

The realization or fulfillment of one's talents and potentialities, especially considered as a drive or need present in everyone.

Coordination

The organized arrangement of elements or efforts in a system or activity to ensure harmonious operation and desired outcomes.

Motion Studies

The systematic study of the human motions used in work activities, aimed at improving efficiency and productivity by reducing unnecessary movements.

Frank and Lillian Gilbreth

Pioneers in the field of industrial engineering, known for their studies in time and motion, and for improving workplace efficiency and productivity.