Mentally Multiply by Using Powers Of $10 : 10 \times 10 ^ { 4 }$

question 220

Multiple Choice

Mentally multiply by using powers of $10 : 10 \times 10 ^ { 4 }$

• A)100,000
• B)1
• C)10,000
• D)1,000,000

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Definitions:

Deposits In Transit

Funds that have been transferred or deposited by a company but not yet reflected in the bank's records.

Notes Collected

Notes collected refer to the process of receiving payment or settling the amount due on promissory notes that a company holds, impacting its cash flow.

Bank Reconciliation

The process of matching and comparing figures from accounting records against those presented on a bank statement to ensure consistency and accuracy.

Deposit In Transit

Funds that have been received and recorded by a company but not yet reflected in the bank's records.