Which of the Following Would Be Added to the Balance

question 193

Multiple Choice

Which of the following would be added to the balance per books on a bank reconciliation?

• A)Outstanding checks.
• B)Deposits in transit.
• C)Notes collected by the bank.
• D)NSF check.

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Definitions:

Par Value

The face value of a bond or stock, representing the amount that will be paid back at maturity.

Maturity Date

The date on which a financial instrument such as a bond or loan agreement is due to be repaid in full.

Sinking Fund Provision

A clause in a bond or other long-term debt instrument that requires the issuer to set aside funds regularly to repay the debt before it matures.

Bond Indenture

A legal contract specifying all the terms and conditions between a bond issuer and bondholder, including obligations, rights, and protections.