Which of the Following Situations Would Cause the Balance Per

question 92

Multiple Choice

Which of the following situations would cause the balance per bank to be more than the balance per books?

• A)Deposits in transit
• B)Service charges
• C)Outstanding checks
• D)Checks from customers returned as NSF

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Definitions:

Stock Investments

Financial assets representing ownership in a company or corporation, typically bought and sold on stock exchanges.

Investee

A company or entity in which an investor holds a minority interest, typically through the ownership of shares.

Net Loss

This occurs when a company's expenses exceed its revenues during a specific reporting period, resulting in a negative profit.

Net Income

The remainder of a company's revenue after deducting all expenditures and taxes, known as net profit.