In Preparing a Bank Reconciliation Statement for a Business with a Substantial

question 16

Multiple Choice

In preparing a bank reconciliation statement for a business with a substantial bank balance, the appropriate treatment for monthly bank service charges, $30, appearing on the bank statement is to:

• A) add it to the balance as per bank statement.
• B) deduct it from the balance as per bank statement.
• C) add it to the balance per company records.
• D) deduct it from the balance per company records.

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Definitions:

Supportive

Providing encouragement or assistance, often fostering an environment conducive to growth, learning, or development.

Task-Oriented Leaders

Leaders who focus on the tasks that need to be accomplished in order to meet certain goals or standards.

Challenging Goals

Objectives set by individuals or teams that are difficult to achieve but are pursued in order to motivate higher performance and personal or group development.

Mutual Trust

A reciprocal believe between parties that each will act in the interest of the other, essential for effective teamwork and cooperation.