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Bank Reconciliations Are Normally Prepared on a Monthly Basis to Identify

Question 27

Multiple Choice

Bank reconciliations are normally prepared on a monthly basis to identify adjustments needed in the depositor's records and to identify bank errors.Adjustments should be recorded for


A) bank errors,outstanding checks,and deposits in transit.
B) all items except bank errors,outstanding checks,and deposits in transit.
C) book errors,bank errors,deposits in transit,and outstanding checks.
D) outstanding checks and deposits in transit.

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