Match Each Item to a Bank Statement Adjustment, a Company

question 35

Multiple Choice

Match each item to a bank statement adjustment, a company books adjustment, or either.
-NSF check

• A)Bank statement adjustment
• B)Company books adjustment
• C)Either

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Definitions:

Subleases

Secondary leases whereby the original tenant rents out their rental property to a new tenant, transferring some or all of their tenancy rights to the subtenant.

Liable

Legally responsible or obligated to provide compensation for causing loss or damage through negligent or wrongful acts.

Irrevocable Right

A legal entitlement or authority that cannot be revoked, altered, or undone once it has been granted or established.

License

A revocable right to use another’s property temporarily.