In reconciling a bank statement, the bank balance is $1,500, and the checkbook balance is $2,105, Which of the following is the most probable reason for the checkbook balance being larger than the bank balance?

A) The bank has not cleared certain outstanding checks.
B) The bank has added interest revenue to the account balance.
C) A deposit in transit was made at the end of the month.
D) The bank received an EFT from a customer.


C

Business

You might also like to view...

In the ________ model of representation, a union is like an insurance company, where workers pay dues and are in turn protected against bad times.

A. Organizing B. Unionism C. Business D. Servicing

Business

This trait is the best descriptive of a “technical dialogue.”

A. deception, exploitation, coercion B. neutral stance toward self and others C. product of an I-Thou relationship D. I-It communication

Business

The doctrine of undue influence, by which a court may permit the rescission of a contract, is a(n) ________ doctrine.

A. law B. equitable C. statutory D. constitutional

Business

The importation of goods that infringe U.S. patents is not prohibited

Indicate whether the statement is true or false

Business