Indicate What Effect Each Situation Will Have on the Bank

question 108

Essay

Indicate what effect each situation will have on the bank reconciliation process. Place the number of your choice beside the items listed.
1. Add to bank balance
2. Deduct from bank balance
3. Add to checkbook balance
4. Deduct from checkbook balance
________ a. deposit in transit
________ b. bank service charge
________ c. NSF check
________ d. Check written for $95 recorded on the company's ledger as $59
________ e. Outstanding checks
________ f. Check written for $80 recorded as $800
________ g. Check printing charges
________ h. Interest earned on checking account

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Definitions:

Human Capital

The ability to get things done based on what we know and can do.

Organizational Performance

A measure of how effectively and efficiently an organization meets its objectives and goals.

Enthusiastic People

Individuals who show intense and eager enjoyment, interest, or approval towards activities or ideas.

Global Workforce

The international labor pool comprised of employees working in different countries, highlighting the diversity and globalization of business operations.