Which of the Following Is a Required Element in the Procedure

question 15

Multiple Choice

Which of the following is a required element in the procedure for passing federal legislation through Parliament?

• A) a majority vote by Commons committee and approval by Senate
• B) a quorum vote in the House of Commons and by the Senate
• C) a majority vote of the members in the House of Commons and in the Senate
• D) an approval by the House of Commons and by the Senate committee

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Definitions:

NSF Check

A check that cannot be honored because the account on which it is drawn lacks sufficient funds, standing for "non-sufficient funds."

Outstanding Checks

Checks that have been issued and recorded in accounting records but have not yet been cashed or cleared by the bank.

Bank Reconciliation

Aligning the cash account figures in a business's financial records with the relevant details found in a bank statement.

Bank Statement Balance

The ending account balance in a bank statement, representing the amount of money available in an account at the end of a statement period.