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

question 13

Multiple Choice

In preparing a bank reconciliation statement for a business with a substantial bank balance, the appropriate treatment for a $8 100 dividend on shares, deposited directly into the bank account, 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:

Social Organizational Scheme

A framework for understanding the structure and dynamics of social organizations and their hierarchical relationships.

Intuiting

The process of understanding or knowing something instinctively, without the need for conscious reasoning, often playing a role in decision-making.

Incubation

A period of subconscious processing that occurs between the time a problem is initially encountered and when it is eventually solved.

Creative Process

A multi-stage process involving the generation, development, and expression of unique ideas or solutions to problems.