On a Bank Reconciliation, an Unrecorded Debit Memorandum for Printing

question 63

Multiple Choice

On a bank reconciliation, an unrecorded debit memorandum for printing checks is:

• A) Noted as a memorandum only.
• B) Added to the book balance of cash.
• C) Deducted from the book balance of cash.
• D) Added to the bank balance of cash.
• E) Deducted from the bank balance of cash.

---

Definitions:

Consideration

Something of value that is exchanged between parties in a contract, making the agreement legally binding.

Preexisting Contract

A legal agreement that was created and became effective before the current discussion or issue.

Additional Consideration

Extra benefits or compensation provided to one party in a contract to modify or amend the original terms.

Consideration

In contract law, consideration is the benefit or value that parties agree to exchange, which is necessary for a contract to be legally binding.