The Semester Project Was Due at 8:00 A

question 106

Multiple Choice

The semester project was due at 8:00 a.m.the next day and as the sun rose swiftly in the east,the team of four graduating seniors held their collective breath.If their database project worked (and why wouldn't it,they had begun early yesterday afternoon) they would complete their quest and graduate in a week with their shiny diplomas in MIS.Their drive to finish the project with A quality work was clear testament to their:

• A)results orientation.
• B)trust.
• C)cohesiveness.
• D)enthusiasm.

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Definitions:

NSF Checks

Non-sufficient funds checks, a term used when a check cannot be honored because the drawer's account lacks enough money.

Outstanding Checks

Checks that are recorded in the financial records but haven't been cashed or processed by the bank yet.

Adjusting Entry

A journal entry made in accounting records at the end of an accounting period to allocate income and expenditures to the appropriate period.

Bank Reconciliation

The process of matching and comparing figures from accounting records against those presented on a bank statement to ensure they are consistent and accurate.