If the Month-End Bank Statement Shows a Balance of $54,000

question 64

Multiple Choice

If the month-end bank statement shows a balance of $54,000, outstanding checks are $15,000, a deposit of $6,000 was in transit at month end, and a check for $900 was erroneously charged by the bank against the account, the correct balance in the bank account at month end is

• A) $44,100.
• B) $45,000.
• C) $45,900.
• D) $62,100.

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Definitions:

Income Inequality

The unequal distribution of income within a population, leading to disparities in wealth and living standards.

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A country located at the southern tip of Africa, known for its diverse culture, history, and landscapes.

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A country in Northeast Africa, known for its ancient civilization, pyramids, and its capital city, Cairo.

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A Southeast Asian country in the Western Pacific, comprising more than 7,000 islands.