In Preparing a Bank Reconciliation Outstanding Checks Are

question 88

Multiple Choice

In preparing a bank reconciliation outstanding checks are

• A) added to the balance per bank.
• B) deducted from the balance per books.
• C) added to the balance per books.
• D) deducted from the balance per bank.

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Definitions:

Supplies

Materials and items that are used in the day-to-day operations of a business but are not directly tied to the production of goods or services.

Variable Overhead Efficiency Variance

The difference between the expected (standard) cost of variable overheads based on actual production and the actual cost incurred.

Variable Overhead Efficiency Variance

A measure that reflects the efficiency of variable overhead resource usage by comparing the standard hours allowed with the actual hours used.

November

The eleventh month of the year in the Gregorian calendar, following October and preceding December.