Indicate What Effect Each Situation Will Have on the Bank

question 67

Short Answer

Indicate what effect each situation will have on the bank reconciliation process. Place the number of your choice beside the items listed.
1. Add to bank balance
2. Deduct from bank balance
3. Add to chequebook balance
4. Deduct from chequebook balance
________ a. Deposit in transit
________ b. Bank service charge
________ c. NSF cheque
________ d. Cheque written for $98 recorded as $89
________ e. Outstanding cheques
________ f. Cheque written for $50 recorded as $500
________ g. Cheque printing charges
________ h. Interest earned on chequing account

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Definitions:

Fetishism

A sexual fixation on a nonliving object or a body part not typically associated with sexual arousal.

Masturbating

The act of sexually stimulating oneself, typically to the point of orgasm, as a form of sexual pleasure.

Afferent Fibres

Nerve fibers that carry sensory information from the body's periphery towards the central nervous system.

Autonomic Fibres

Nerve fibers that are part of the autonomic nervous system, responsible for regulating involuntary body functions such as heart rate and digestion.