Which of the Following Items Will Cause a Difference Between

question 42

Multiple Choice

Which of the following items will cause a difference between the book balance and the bank balance?

• A)Bank collections
• B)Outstanding voided checks
• C)Canceled checks
• D)Deposits in timing

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Definitions:

Prices

The financial amount expected, required, or supplied as remuneration for an item.

Income

Money received on a regular basis from work, property, investments, business ventures, and other sources, used to fund consumption and savings.

Laspeyres Index

A price index used to measure the change in the cost of purchasing a fixed basket of goods and services of the same type and quantity over time.

Prices

The amounts of money required to purchase goods or services, setting the economic value of said goods or services in the market.