Which of the Following Situations Would Cause the Balance Per

question 92

Multiple Choice

Which of the following situations would cause the balance per bank to be more than the balance per books?

• A)Deposits in transit
• B)Service charges
• C)Outstanding checks
• D)Checks from customers returned as NSF

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Definitions:

Horizontal Analysis

A method of financial analysis in which figures in financial statements over different periods are compared line by line to identify trends.

Statement of Cash Flows

A financial report that details the inflows and outflows of cash within an organization over a specific period.

Fees Earned

Fees earned is an accounting term that refers to revenue generated from providing services to clients or customers during a specific time period.

Prepaid Insurance

The portion of insurance premiums that have been paid in advance for future coverage, and is considered an asset on the balance sheet.