When Preparing a Bank Reconciliation Statement, Outstanding Checks Would

question 57

Multiple Choice

When preparing a bank reconciliation statement, outstanding checks would:

• A) increase the cash balance according to the bank statement.
• B) deduct the cash balance according to the bank statement.
• C) increase the cash balance according to the company statement.
• D) deduct the cash balance according to the company statement.

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Definitions:

Symbol

An indicator, emblem, or phrase that conveys, represents, or is identified with a notion, item, or linkage.

Theoretical Size

The ideal, nominal size of a part or feature as defined in drawings, before tolerances are applied.

Limits

In engineering and manufacturing, limits refer to the maximum and minimum dimensions a part can have to be considered acceptable.

Allowance

The intentional difference in dimensions between mating parts to ensure a proper fit.