The following information pertains to the Virgo Company: Balance per bank statement Ledger account balance for cash on November 30. Note collected by bank Bank charges Deposit in transit NSF check deposited and retumed Outstanding checks Bank error - deducted P225 from Virgo Company account for Check acrually written for P2250 P73,350 63,675 4,500 45 4,158 378 7,731 Required: 1. Prepare the bank reconciliation for Virgo Company at November 30, of the current year. 2. Record in general journal from the entries necessary to bring the book balance of Cash into agreement with the adjusted book balance on the reconciliation.

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Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.