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For each of the items below,explain how it would be handled in preparing a bank statement reconciliation and why it would be handled in that way.
(a)deposits in transit
(b)outstanding checks
(c)a check for $300 was erroneously recorded in the accounts as $500
Unemployment Rate
The rate of unemployment among people actively looking for work in the labor force.
Discouraged Workers
Individuals who are not actively looking for work because they believe no jobs are available for them or there are no positions for which they qualify.
Underemployed Workers
Individuals working less than they would like to or in positions that do not utilize their skills or education level.
Labor Force
The total number of people employed or seeking employment in a country or region.
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