Which of the Following Is Not a Reconciling Item When

question 21

Multiple Choice

Which of the following is not a reconciling item when preparing a bank reconciliation?

• A)Bank service charges not recorded by the corporation
• B)Outstanding cheques
• C)Interest collected on a note receivable by the bank and recorded by the corporation
• D)Outstanding deposits

Understand the concepts of complete, substantial, and tendered performance in a contract setting.

Distinguish between various ways in which a contract can be discharged and recognize their implications.

Identify the elements and consequences of a breach of contract.

Know the conditions under which a party's duty to perform is conditioned.

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Definitions:

Clock Speed

The speed at which a processor executes instructions, measured in cycles per second or hertz (Hz).

Optical Storage

A type of storage medium that uses lasers and lights to read and write data on discs like CDs, DVDs, and Blu-ray.

Flash Drive

A drive that plugs into a universal serial bus (USB) port on a computer and that stores data digitally. Also known as jump drive, USB drive, or thumb drive.

CPU Usage

The amount of processing power that a computer's central processing unit (CPU) is using at any given time, typically expressed as a percentage.