While Preparing the Bank Reconciliation, You Notice That a Check

question 171

Multiple Choice

While preparing the bank reconciliation, you notice that a check, written by the company for $750, has been outstanding for 5 months.What is the best action for you to take?

• A)Void the check.If it has not been cashed in 5 months, it will never be cashed.
• B)Issue a replacement check because you assume the original check has been lost.
• C)Wait 3 more months to give the bank more time to clear the check.
• D)Investigate to determine why the check has not cleared.

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Definitions:

Cynicism

An attitude characterized by skepticism towards motives or virtues of others, often accompanied by a general distrust of societal norms and values.

Reality

The state of things as they actually exist, independent of perception or beliefs.

Globalization

The process by which businesses or other organizations develop international influence or start operating on an international scale, leading to increased interconnectedness and interdependence of the world's markets and businesses.

Workforce Diversity

The inclusion of individuals with a variety of characteristics, such as age, gender, ethnicity, and sexual orientation, in a workplace.