If the Month-End Bank Statement Shows a Balance of $72,000

question 144

Multiple Choice

If the month-end bank statement shows a balance of $72,000, outstanding checks are $54,000, a deposit of $15,000 was in transit at month end, and a check for $3,000 was erroneously charged by the bank against the account, the correct balance in the bank account at month end is

• A)$33,000.
• B)$36,000.
• C)$72,000.
• D)$114,000.

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Definitions:

Communism

A political and economic ideology aiming for a classless society where all property is publicly owned, and each person works and is paid according to their abilities and needs.

Oppressive Social Systems

Systems that perpetuate inequalities and discrimination through practices and policies, marginalizing certain groups of people.

Conceptions

Conceptions deal with the way ideas or notions are formed in the mind, including the understanding of concepts, phenomena, or theoretical frameworks.

Social Experiences

The encounters or interactions among individuals that contribute to their personal development and social understanding.