Question

What bookkeeping services can non-public clients perform?

1) Prepare financial statements
2) Maintain general ledger
3) Perform bank reconciliations
4) All of the above

Answer 1

Non-public clients can perform various bookkeeping services including preparing financial statements, maintaining general ledger, and performing bank reconciliations. the correct answer is 4) All of the above.

Step-by-step explanation:

Non-public clients can perform various bookkeeping services. These include:

1. Preparing financial statements: Non-public clients can prepare financial statements to summarize their financial activities and provide a snapshot of their financial position.
2. Maintaining general ledger: Non-public clients can keep a general ledger, which is a record of all financial transactions, such as sales, purchases, and expenses.
3. Performing bank reconciliations: Non-public clients can reconcile their bank statements with their records to ensure accuracy and identify any discrepancies.

The correct answer is 4) All of the above.