On a Bank Reconciliation, Which of the Following Would Be

question 6

Multiple Choice

On a bank reconciliation, which of the following would be deducted from the balance per bank?

• A) Outstanding cheques.
• B) Electronic payment by a customer on account.
• C) Deposits in transit.
• D) Bank service charges.

Calculate net capital spending from financial statements.

Understand the components of cash flow from assets and its impact on financial positions.

Understand the key concepts of capital gains, dividends, and interest income regarding individual taxes in differing provincial contexts.

Ability to interpret and analyze financial statements for decision-making.