The Process of Summarizing Data Included on Multiple Worksheets on One

question 17

Multiple Choice

The process of summarizing data included on multiple worksheets on one worksheet like the one shown in the acsampanying figure is called ____.

• A) summarization
• B) sansolidation
• C) encapsulation
• D) recapitulation

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Definitions:

Outstanding Deposit

A deposit that has been made to a bank account but not yet cleared or recognized in the bank's record system.

Check Register

A record used to keep track of checks written, deposits made, and current balance in a checking account.

Bank Statement

A document provided by a bank detailing the transactions in a depositor's account over a specific period.

Service Charge

A fee collected for the benefit of providing a service, often added to bills in restaurants, banking, and hospitality.