All of the Following Are Reasons Why a Transaction May

question 100

Multiple Choice

All of the following are reasons why a transaction may have been reflected in the company's accounting records but NOT by the bank EXCEPT

• A) a cheque has been written but the receiving company did not deposit it yet.
• B) bank has charged service fees.
• C) the company make a deposit on the last day of the month.
• D) the company recorded a payment received however forgot to deposit the cheque.

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Definitions:

Sweat Production

The process by which the sweat glands produce sweat, a fluid consisting of water, salts, and other substances, to cool the body down.

Na+

Sodium ions, essential electrolytes in the body that play critical roles in fluid balance, nerve function, and muscle contractions.

Urine

A liquid by-product of metabolism in humans and many animals, which is excreted by the kidneys through the urinary system.

Aldosterone

Steroid hormone produced by the zona glomerulosa of the adrenal cortex that facilitates potassium exchange for sodium in the distal renal tubule, causing sodium reabsorption and potassium and hydrogen secretion.