On the April 30 Bank Reconciliation, a Deposit Made by a Company

question 50

Multiple Choice

On the April 30 bank reconciliation, a deposit made by a company to its bank account on April 18 will likely appear as a(n)

• A)addition to the balance per books.
• B)deduction from the balance per books.
• C)deduction from the balance per bank.
• D)This will not affect the current period's bank reconciliation.

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Definitions:

Ordinary Shares

Equity shares that represent a portion of a company's capital, entitling holders to vote and share in the profits.

Weighted Average

A calculation that takes into account the varying degrees of importance of the numbers in a data set, giving more weight to some values.

Ordinary Shares

Equity securities representing ownership in a company, giving the shareholder voting rights and a share in the company's profits through dividends.

Dilutive Potential

The possibility that the issuance of additional securities could decrease earnings per share or decrease an ownership interest.