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

question 157

Multiple Choice

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

• A)Comparing deposits listed on the bank statement with the deposits shown in the accounting records.
• B)Comparing checks listed on the bank statement with corresponding entries 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:

Sound Argument

An argument that is both valid (correctly structured) and has all true premises.

Sound Argument

An argument that is both valid (correctly structured) and has true premises, leading to a true conclusion.

Valid

An argument based on deduction that is structured in a way that, if the premises are considered true, then the conclusion necessarily follows as true.

False Premise

A logical fallacy where an argument is built on a statement that is assumed to be true but is actually false, misleading, or unfounded.