Which of the Following Is Not a Commodity That Water

question 9

Multiple Choice

Which of the following is not a commodity that water and rail competes to move?

• A) grain
• B) coal
• C) oil
• D) chemicals

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Definitions:

Outstanding Checks

Checks issued by a company that have not yet been cashed or cleared by the bank.

Deposits in Transit

Funds that have been received and recorded by a company but not yet credited by the bank, often seen in the reconciliation of bank statements.

Bank Statement Balance

The ending balance on a bank statement, representing the total amount of money in an account as recorded by the bank at the end of a given period.

Petty Cash Account

A small amount of cash kept on hand to pay for minor or incidental expenses.