None but English Majors Are Eligible

question 343

Multiple Choice

None but English majors are eligible.

• A) All English majors are persons who are eligible.
• B) Some English majors are persons who are not eligible.
• C) All persons who are eligible are English majors.
• D) All persons who are not eligible are persons who are not English majors.
• E) Some English majors are persons who are eligible.

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Definitions:

Pre-Reconciliation Cash Balance

The cash balance reported in accounting records before adjustments are made for reconciling items in a bank reconciliation.

Outstanding Checks

Checks that have been written and recorded in a company's financial ledger but have not yet been cashed or cleared by the bank.

Deposits in Transit

Funds that have been deposited by a company but not yet recorded by the bank, often causing a discrepancy in the bank statement versus the company’s record.

Contra-Revenue Account

An account that is deducted from a company's gross revenue, which results in net revenue, examples include sales returns, allowances, and discounts.