What does the term "NSF" stand for in the context of bank reconciliation? * 1 point Non-Standard Fees Not Sufficient Funds Net Service Fees No Signature Found What is the most common reason for a difference between the bank statement balance and the company's cash account in the books? * 1 point Bank will always make errors Accountant are lazy Outstanding checks Interest income is not earned What is the primary purpose of bank reconciliation? * 1 point To track expenses and calculate the net profit To reconcile differences between bank and cash book balances To calculate taxes and track the missing checks To record revenue and calculate the net loss In a bank reconciliation process, if there is a bank service charge, how is it treated? * 1 point Ignored in the reconciliation Deducted from the bank balance Added to the bank balance Deducted from the cash book balance If the bank reconciliation is completed correctly, what should be the relationship between the adjusted bank balance and the adjusted book balance? * 1 point The adjusted bank balance should be higher The adjusted cash book balance should be higher They should be equal There is no specific relationship