Accompanying the Bank Statement Was a Credit Memorandum for a Short-Term

question 94

Multiple Choice

Accompanying the bank statement was a credit memorandum for a short-term note collected by the bank for the depositor.This item would be included on the bank reconciliation as a(n) :

• A) deduction from the cash balance per books.
• B) addition to the cash balance per bank.
• C) deduction from the cash balance per bank.
• D) addition to the cash balance per books.

---

Definitions:

Labor And Talent

The workforce available for employment and their skills, abilities, and expertise in various domains.

Formal Investment

Financial contributions into a business or project, typically made by investors seeking a return and documented through formal agreements.

Start A Business

The process of undertaking financial, administrative, and operational activities to initiate a commercial enterprise.

Money

A medium of exchange in the form of coins and banknotes; used to purchase goods and services and measure the value of things.