The Items Listed Below Were Identified While Preparing a Bank

question 88

Multiple Choice

The items listed below were identified while preparing a bank reconciliation for the company's checking account as of March 31.Cash balance according to the general ledger


-Refer to Dance Town Academy. How will the customer's bounced checks be handled on a bank reconciliation?

• A)add to the balance from the company records
• B)subtract from the balance from the company records
• C)add to the bank statement balance
• D)subtract from the bank statement balance

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Definitions:

Reality Principle

A psychoanalytic concept where the ego seeks to satisfy the id’s desires in realistic and socially appropriate ways.

Ego

In psychoanalytic theory, the part of the personality that mediates between the demands of the id, superego, and reality.

Superego

Part of Freud's psychoanalytic theory, representing the moral component of the mind, comprising the conscience and ideal self.

Personality

A unique set of emotional, thought, and behavioral patterns that define an individual's way of interacting with the world and remain relatively consistent over time.