When You Identify Outstanding Checks in Performing a Bank Reconciliation,you

question 37

Multiple Choice

When you identify outstanding checks in performing a bank reconciliation,you must:

• A)deduct the amount of the outstanding checks from the balance per books.
• B)deduct the amount of the outstanding checks from the balance per bank.
• C)add the amount of the outstanding checks to the balance per books.
• D)add the amount of the outstanding checks to the balance per bank.

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Definitions:

Management Decision-Making

The process by which upper-level management makes strategic choices to steer the direction of a company's operations or policies.

Unit Variable Cost

The cost associated with producing one additional unit of product, which varies with the level of production.

Units Of Activity

A depreciation method that allocates the cost of an asset based on its usage, activities, or units produced instead of time.

Direct Materials Cost

The cost of materials that are an integral part of the finished product.