All of the Following Are Items That Cause a Difference

question 152

Multiple Choice

All of the following are items that cause a difference between the bank balance and the book balance except:

• A)cancelled cheques.
• B)deposits in transit.
• C)outstanding cheques.
• D)NSF cheques.

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Definitions:

Damages

Monetary compensation that is awarded by a court to a person who has suffered loss or harm due to the wrongful act of another.

Plaintiff

The party who initiates a lawsuit by filing a complaint against the defendant, alleging wrongdoing or breach of contract.

Remoteness Test

A legal principle used to determine if the damage suffered from a breach of contract or tort was foreseeable and therefore compensable.

Negligence Action

A legal proceeding initiated because someone failed to take reasonable care, resulting in harm or damage to another.