Below, Preceded by Identifying Letters, Are Seven Items That Would $\$ 200$

question 89

Essay

Below, preceded by identifying letters, are seven items that would cause Xavier Sales Company's book balance of cash to differ from its bank statement balance.
(a) A customer's cheque returned by the bank marked "Not Sufficient Funds." A customer's cheque returned by the bank marked "Not Sufficient Funds."
(b) A cheque listed as outstanding on the previous month's reconciliation that is still outstarding:
(c) A service charge made by the bank.
(d) A deposit consisting solely of cheques which was mailed to the bank on the last day of Novernber and is unrecorded on the Novernber bank statement.
(e) A cheque paid by the bank at its correct $\$ 200$ amount but recorded in error in the Cheque Register at $\$ 20$ .
(f) An unrecorded credit memorandum indicating the bank had collected a note receivable for Xavier Sales Compary and deposited the proceeds in the compary's account.
(g) A cheque written but not yet paid or retuned by the bank Indicate where each item would appear on Xavier Sales Company's bank reconciliation by putting an "X" in the correct column below.

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Definitions:

POB

Positive Organizational Behavior is the study and application of positively oriented human resource strengths and psychological capacities that can be measured, developed, and effectively managed for performance improvement in today's workplace.

Senior Executives

High-level managers or directors within an organization, responsible for making strategic decisions and overseeing operations.

Talent

The natural aptitude or skill possessed by an individual, especially as it pertains to their capability to perform a certain task or job.

Goal Setting

The method of defining precise, quantifiable, attainable, pertinent, and time-limited goals to be achieved.