Each of the Following Items Affect the Cash Balance Per

question 162

Multiple Choice

Each of the following items affect the cash balance per books except

• A)bank service charges.
• B)notes collected by the bank.
• C)NSF checks.
• D)outstanding checks.

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Definitions:

Stocks And Bonds

Financial instruments representing ownership in a company (stocks) or a debt agreement (bonds) from an issuer to the holder.

Journal Entry

A record in accounting that reflects a business transaction, listing the accounts and amounts to be debited and credited.

Fair Value

The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.

Title Conveyance

The legal process of transferring ownership of property from one party to another.