In Reconciling a Bank Statement, the Bank Balance Is $1

question 39

Multiple Choice

In reconciling a bank statement, the bank balance is $1 000 and the chequebook balance is $1 205. Which of the following is the MOST probable reason why the chequebook balance is larger than the bank balance?

• A)The bank received an EFT from a customer.
• B)The bank has added interest revenue to the account balance.
• C)The bank has not cleared certain cheques.
• D)A deposit in transit was made at the end of the month.

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Definitions:

Total Variable Costs

The sum of all costs that vary with the level of production, such as materials and labor costs.

Microwave Ovens

Appliances that use microwave radiation to heat and cook food quickly.

Average Fixed Costs

The total fixed costs of production divided by the number of units produced, representing the per-unit fixed cost.

Microwave Ovens

Kitchen appliances that use microwave radiation to heat and cook food rapidly.