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

question 10

Multiple Choice

In preparing a bank reconciliation statement for a business with a substantial bank balance,the appropriate treatment for a cheque outstanding at end of month,$450,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.

Differentiate between the types of sentences and their appropriateness in business writing.

Recognize and apply proper sentence construction to avoid grammatical errors.

Understand the use of passive and active voice in business writing and their impact on message clarity.

Understand the significance of parallel construction in enhancing readability.

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Definitions:

Compensation

The total amount of the monetary and non-monetary pay provided to an employee by an employer in return for work performed.

Arbitration

A method of resolving disputes outside the courts, where a neutral third party makes a decision.

Third Party

An entity or individual that is not directly involved in a transaction or agreement but may be affected by it or involved in facilitating it.

Settlement

The agreement reached between two parties to resolve a dispute or lawsuit outside of court.