When Reconciling the Bank Ledger Account and the Bank Statement

question 61

Multiple Choice

When reconciling the bank ledger account and the bank statement, if both are in overdraft, unpresented cheques will be:

• A) deducted from the bank statement balance in the reconciliation.
• B) added to the bank statement balance in the reconciliation.
• C) deducted from the general ledger bank balance.
• D) added to the general ledger bank balance.

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Definitions:

Comprehend Grammatical

The ability to understand and process the rules and structures that govern the syntax and morphology of a language.

Correctly Imitate

The ability to accurately replicate the actions or behaviors of others, often a key component in learning and social interaction.

Inborn Readiness

The innate propensity or tendency of an organism to respond in a certain way to certain stimuli from the moment of birth.

Grammatical Rules

The guidelines that structure the use of language including syntax, morphology, and phonology.