The document the identifies and explains all differences between the company\'s

Question

The document the identifies and explains all differences between the company's record of cash and the bank's record of that cash is :
A. Bank reconciliation
B.Bank collection
C. Bank statement
D. Electronic fund transfer

2. After performing a bank reconciliation, journal entries are required for:
A. All items on the bank side of the reconciliation
B. All items on the reconciliation
C.All items on the book side of the reconciliation
D. No items from the reconciliation because the Cash account needs on adjustment

3.Uncollectible accounts are the same as :
A.Bad debts
B. Notes receivable
C.Both A and B
D. None of the above

Explanation / Answer

The document the identifies and explains all differences between the company's record of cash and the bank's record of that cash is : A. Bank reconciliation 2. After performing a bank reconciliation, journal entries are required for: C.All items on the book side of the reconciliation 3.Uncollectible accounts are the same as : A. Bad debts

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