Journal Entries Are Required by the Depositor for All of the Following

question 112

Multiple Choice

Journal entries are required by the depositor for all of the following except

• A) collection of a note receivable.
• B) bank errors.
• C) bank service charges.
• D) an NSF check.

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Definitions:

IRS

The Internal Revenue Service, a U.S. government agency responsible for tax collection and tax law enforcement.

Adware

A program that downloads on your computer when a user installs a freeware program, game, or utility. Generally, adware enables sponsored advertisements to appear in a section of a browser window or as a pop-up ad.

Spyware

An unwanted piggyback program that downloads with the software you want to install from the Internet and then runs in the background of your system.

Grayware

A term for software that performs unwanted or harmful actions that do not fit the strict definitions of malware or virus, often exploiting the software on a user's device without their complete consent.