Indicate What Effect Each Situation Will Have on the Bank

question 108

Essay

Indicate what effect each situation will have on the bank reconciliation process. Place the number of your choice beside the items listed.
1. Add to bank balance
2. Deduct from bank balance
3. Add to checkbook balance
4. Deduct from checkbook balance
________ a. deposit in transit
________ b. bank service charge
________ c. NSF check
________ d. Check written for $95 recorded on the company's ledger as $59
________ e. Outstanding checks
________ f. Check written for $80 recorded as $800
________ g. Check printing charges
________ h. Interest earned on checking account

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Definitions:

Hunger

A physical sensation and physiological need prompting the desire to eat, driven by the body's energy requirements.

Esteem Needs

in Maslow's hierarchy of needs, the fourth level, including self-esteem, confidence, achievement, respect of others, and respect by others.

Safety Needs

According to Maslow's hierarchy, these are the second tier of human needs, including security and protection from physical and emotional harm.

Physiological Needs

Basic elements necessary for human survival and function, such as air, water, food, shelter, and sleep.