A Company Received a Bank Statement Showing a Balance of $62

question 87

Multiple Choice

A company received a bank statement showing a balance of $62 300. Reconciling items were outstanding cheques of $1 450 and a deposit in transit of $8 500. What is the company's adjusted bank balance?

• A)$60 850
• B)$69 350
• C)$72 250
• D)$70 850

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Definitions:

Competitive Models

Theoretical frameworks used to analyze the competitive dynamics within an industry or market.

Genetic Level

Pertains to the influence of genes and hereditary factors on the physical and behavioral characteristics of organisms.

Personality Dimensions

Broad categories used to describe and categorize aspects of human personality, such as introversion/extraversion or emotional stability.

Conscientious

A personality trait characterized by being diligent, careful, and thorough, often displaying a strong sense of duty and responsibility.