Which One of the Following Items May Not Require an Account

question 22

Multiple Choice

Which one of the following items may not require an account reconciliation at month end -

• A) an outstanding deposit
• B) outstanding cheques
• C) approval of a bank loan
• D) bank service charges

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Definitions:

Annexationists

Advocates for the acquisition of territories not currently under their country’s control, often for strategic, economic, or political reasons.

Hawaiian Government

The governing body of the Hawaiian Islands, which has evolved from a kingdom to a republic to a territory, and finally became the 50th state of the United States in 1959.

American Tariff

Taxes imposed by the United States on imported goods, used to protect domestic industries and raise government revenue.

Spanish-American War

A conflict between the United States and Spain in 1898, resulting from American intervention in the Cuban War of Independence.