Which of the Following Is NOT a Benefit Covered Under

question 132

Multiple Choice

Which of the following is NOT a benefit covered under Social Security insurance?

• A)Retirement benefits
• B)Disability benefits
• C)Short-term disability
• D)Survivors' benefits

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Definitions:

Deposits In Transit

Funds that have been received and recorded by a company, but not yet recorded by its bank, typically at the end of a financial period.

Bank Service Charge

A bank service charge is a fee imposed by a bank on its customers for the provision of banking services such as account maintenance, transactions, and overdrafts.

Petty Cash Fund

A little sum of money reserved for immediate outlays on diverse small expenditures.

Journalize

To journalize is to record financial transactions in the chronological order in a company's accounting system.