A statement which brings into agreement the cash balance per book and cash balance per bank. outstanding checks false bank reconciliation true bank statement false None of the above false Single Under this method of bank reconciliation, the book balance and the bank balance are brought to a correct cash balance that must appear on the balance sheet. Book to bank method false Bank to book method false Adjusted balance method true None of the above false Single Under this method of bank reconciliation, the bank balance is reconciled with the book balance or the bank balance is adjusted to equal the book balance. Bank to book method true Adjusted balance method false Book to bank method false None of the above false Single Under this method of bank reconciliation, the book balance is reconciled with the bank balance or the book balance is adjusted to equal the bank balance. Adjusted balance method false Book to bank method true Bank to book method false None of the above false Single NSF stands for _________________________________. not satisfied funds false not selected funds false not sufficient funds true None of the above false Single To reconcile your accounts, compare your internal record of transactions and balances to your monthly _____________. bank statement true bank reconciliation false outstanding checks false None of the above false Single Your __________________ should contain all of the internal transaction data you need, or you might keep your records in a check register (whether electronic or on paper). automatic electronic payment false outstanding checks false accounting system true None of the above false Single If you write a check to a vendor and reduce your account balance on internal systems accordingly, but your bank shows a higher balance until the check hits your account. Those checks are known as ____________________________. outstanding checks true automatic electronic payment false accounting system false None of the above false Single An ___________________ might clear your account a day before or after the end of the month, and you might have expected to see it in a different month. accounting system false automatic electronic payment true outstanding checks false None of the above false Single This should be your priority when reconciling transactions in your bank account. Fees false Signs of fraud true NSF checks false None of the above false Single