If the Month-End Bank Statement Shows a Balance of $54,000

question 64

Multiple Choice

If the month-end bank statement shows a balance of $54,000, outstanding checks are $15,000, a deposit of $6,000 was in transit at month end, and a check for $900 was erroneously charged by the bank against the account, the correct balance in the bank account at month end is

• A) $44,100.
• B) $45,000.
• C) $45,900.
• D) $62,100.

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Definitions:

Quid Pro Quo

A Latin term for a mutual agreement where something is given in exchange for something else, often used in legal and contractual contexts.

Sexual Harassment

Unwanted or inappropriate sexual advances, requests for sexual favors, and other verbal or physical harassment of a sexual nature in the workplace.

Employee Rights

Legal, moral, and ethical entitlements that workers have in their workplace, covering aspects like fair pay, safe working conditions, and freedom from discrimination.

Ethical Dilemmas

Situations where individuals must choose between competing moral principles or values, often occurring in professional settings and requiring careful consideration and judgment.