Examlex

Solved

In the Month of November, Gavin Company Inc

question 116

Multiple Choice

In the month of November, Gavin Company Inc.wrote checks in the amount of $55,500.In December, checks in the amount of $75,948 were written.In November, $50,808 of these checks were presented to the bank for payment and $65,298 in December.What is the amount of outstanding checks at the end of December?


Definitions:

Law Enforcement

Law enforcement refers to governmental agencies and officers responsible for maintaining public order, preventing and detecting crime, and enforcing laws.

Court Order

A formal, written directive issued by a judge or court that requires a party to do or refrain from doing something.

Checks and Balances

A system that ensures no single branch of government becomes too powerful, by providing each branch with powers to limit or check the others.

United States Constitution

The fundamental legal document that outlines the framework of the national government of the USA, establishing the rights and freedoms of Americans and the distribution of power among branches of government.

Related Questions