Which the Following Would Result in an Adjusting Journal Entry

question 52

Multiple Choice

Which the following would result in an adjusting journal entry after preparing the bank reconciliation?

• A) An error made by the bank for a deposit made in the amount of $650 and recorded as $560 in error.
• B) Deposit made by the company in the amount of $650.
• C) EFT receipt from customer on account.
• D) Outstanding cheque in the amount of $250 issued by the company but not yet cleared by the bank.

Understand the challenges and solutions related to merit pay systems.

Know the key elements and benefits of performance management.

Grasp the critical aspects that must be considered when developing an effective merit system.

Understand the use of basic Excel functions and formulas (e.g., IF, DATE, YEAR).

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Definitions:

Stability

Steadiness and firmness of purpose; a leadership quality required for making good judgments and generating the trust and confidence of others.

Generosity

The quality of being kind, understanding, and not selfish; the willingness to give or share unselfishly.

Peacefulness

The state of being calm, tranquil, and free from conflict or disturbance.

Traditionals

Traditionals, often referred to as Traditionalists, are individuals or groups that adhere strictly to established practices and resist change.