A _ Is a Document Explaining the Reasons for the Difference

question 102

Multiple Choice

A _ is a document explaining the reasons for the difference between a depositor's cash records and the depositor's cash balance in its ledger.

• A)deposit receipt
• B)bank reconciliation
• C)bank statement
• D)remittance advice

---

Definitions:

Cross-elasticity of Demand

A measure of how the quantity demanded of one good responds to a change in the price of another good, indicating substitutes or complements.

Normal Goods

Items for which demand increases as consumer income rises, showing a positive correlation between income and demand.

Law of Supply

A fundamental principle stating that, all else being equal, an increase in the price of a good will result in an increase in the quantity supplied.

Price-elasticity of Supply Coefficient

A numerical measure of how much the quantity supplied of a good responds to a change in its price.