All of the Following Bank Reconciliation Items Would Require an Adjusting

question 91

Multiple Choice

All of the following bank reconciliation items would require an adjusting entry on the depositor's books except

• A) interest earned.
• B) deposits in transit.
• C) a bank service charge.
• D) a customer's NSF cheque.

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Definitions:

Ethical Implications

The moral consequences or considerations associated with a particular action, decision, or policy, evaluating its rightness or wrongness.

Utilitarian Benefits

Utilitarian benefits refer to the functional or practical advantages that consumers receive from using a product or service, emphasizing usability and efficiency.

General Ethical Principle

Foundational guidelines that govern behaviors and decisions based on notions of right and wrong.

Greater Good

The concept that certain actions or policies are justified or desirable because they benefit the majority or advance a noble cause, even if they might not benefit everyone.