Which of the Following Bank Reconciliation Items Would Not Result

question 226

Multiple Choice

Which of the following bank reconciliation items would not result in an adjusting entry?

• A) Service charge.
• B) Deposits in transit.
• C) NSF check of customer.
• D) Collection of a note by the bank.

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Definitions:

Tax Revenues

The financial earnings governments receive through taxing.

Discretionary Economic Policy

Economic policies that are based on the judgment and decisions of policymakers rather than set by predefined rules or automatic mechanisms.

Keynesians

Adherents to the economic theories of John Maynard Keynes, emphasizing the importance of total spending in the economy and government interventions to stabilize economic cycles.

Classical Economists

Early economic theorists who focused on the forces of supply and demand, competition, and free markets as the drivers of economic prosperity.