Which of the Following Would Be Deducted from the Balance

question 5

Multiple Choice

Which of the following would be deducted from the balance per books on a bank reconciliation?

• A)outstanding checks.
• B)deposits in transit.
• C)NSF check.
• D)Collection of note by bank.

Recognize the importance of active learning experiences and their impact on information retention.

Apply the guidelines for creating effective mass media messages for nutrition education.

Acquire skills in writing for the public, focusing on clarity, engagement, and accuracy.

Identify and apply strategies to enhance learning and retention in nutrition education interventions.

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Definitions:

Cure the Defect

The process of correcting or fixing a flaw or error in a legal document or procedure.

Confirmed Letter of Credit

A letter of credit that has an additional guarantee by a second bank, ensuring payment under the letter of credit if the issuing bank fails to do so.

Seller's Bank

A bank appointed by a seller, often in trade transactions, to handle the documentation and receipt of payment from the buyer.

Liability

A company's or individual's legal responsibility for their actions or the state of being legally obligated to settle a debt.