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

question 5

Multiple Choice

In preparing a bank reconciliation statement for a business with a substantial bank balance, the appropriate treatment for a deposit for $2 300 not 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:

Buying Center

A collection of people in a company who take part in the process of deciding to buy goods or services.

Buying Center

A group of individuals within an organization who participate in the purchasing decision process, each with unique responsibilities and preferences.

VOIP Telephone Calls

Voice Over Internet Protocol calls, which use the internet for telecommunication, allowing for voice and video calls without the need for traditional phone lines.

Consensus Buying Center

A buying center in which all members of the team must reach a collective agreement that they can support a particular purchase.