Financial accounting​ . A. focuses on the future and includes activities such as preparing next​ year's operating budget B. is prepared for the use of department heads and other employees C. is the process of​ measuring, analyzing, and reporting financial and nonfinancial information related to the costs of acquiring or using resources in an organization D. must comply with GAAP​ (generally accepted accounting​ principles)

The following items could appear on a bank reconciliation: a. outstanding checks, $670. b. deposits in transit, $1,500. c. nsf check from customer, no. 548, for $175. d. bank collection of note receivable of $800, and interest of $80. e. interest earned on bank balance, $20. f. service charge, $10. g. the business credited cash for $200. the correct amount was $2,000. h. the bank incorrectly decreased the business's by $350 for a check written by another business. classify each item as (1) an addition to the book balance, (2) a subtraction from the book balance, (3) an addition to the bank balance, or (4) a subtraction from the bank balance.