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Which of the following is the best definition of accounting? A means of recording transactions and keeping records Electronic collection, organization, and communication of information.

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Which of the following is the best definition of accounting? A means of recording transactions and keeping records Electronic collection, organization, and communication of information. The gathering, processing, and communication of financial information about a business to interested users. The interconnected network of subsystems necessary to operate a business. Question 28 (2 points) The process of bringing the book and the bank balance into agreement is called posting to the subsidiary ledger reconciling the bank statement proving the cash preparing a statement of disbursements Question 29 ( 2 points) In reconciling a bank statement, the bank statement balance is $1,800 and the balance per check register is $1,680. The bank statement shows the bank service charge is $30; a deposit in transit totals $1,000, and outstanding checks total $1,150. The adjusted bank balance and check register balance is: $1,530 $1,650 $1,800 $1,620

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