When Did the U

question 246

Multiple Choice

When did the U.S. government become more deeply involved in business than it had been previously?

• A) In the early 1920s
• B) After Franklin D . Roosevelt became president
• C) After the Vietnam War
• D) During the social responsibility movement during the 1960s
• E) After the Korean War

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Definitions:

Cash Short

A situation where the actual cash differs from the expected amount during a financial transaction or at the close of a business day.

Journal Entry

A record in accounting that represents a transaction and its effects on accounts in a double-entry bookkeeping system.

NSF Check

A check that has been returned by the bank because the account on which it was drawn did not have sufficient funds.

Deposits In Transit

Funds that have been sent to a bank but not yet recorded in the bank's records, resulting in a discrepancy between the company's cash records and bank statement.