A Debit Memorandum Appeared on Cinco Inc

question 85

Multiple Choice

A debit memorandum appeared on Cinco Inc.'s May bank statement.How will Cinco treat this amount on its May bank reconciliation?

• A) Add it to the bank balance
• B) Add it the book balance
• C) Deduct from the bank balance
• D) Deduct from the book balance

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Definitions:

Rapport

A positive relationship characterized by mutual understanding, trust, and empathy, often forming the foundation of effective communication.

Assertiveness

The quality of being self-assured and confident without being aggressive, in order to express one's rights or needs respectfully.

Remedying Problems

The process of finding solutions to issues or difficulties within a specific context, often requiring a systematic approach to address effectively.

Growth-Defeating Discrepancies

Situational or psychological gaps that hinder personal development or progress rather than facilitating growth.