Among the advantages of the bank reconciliation memorandum:

Select one:

a. It is based on clarifying the differences between the incoming bank statement and the outgoing bank statement

b. It is based on the liquidation of all outstanding accounts in the company's accounts

c. It is based on revealing the differences between the incoming bank statement balance and the book balance of the bank

d. all of the above

The nominal value of the commercial papers represents:

Select one:

a. Present value plus discount costs

b. The face value less discount costs

c. The face value plus discount costs

d. Present value less discount banks