When You Identify Outstanding Checks in Performing a Bank Reconciliation,you

question 37

Multiple Choice

When you identify outstanding checks in performing a bank reconciliation,you must:

• A)deduct the amount of the outstanding checks from the balance per books.
• B)deduct the amount of the outstanding checks from the balance per bank.
• C)add the amount of the outstanding checks to the balance per books.
• D)add the amount of the outstanding checks to the balance per bank.

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Definitions:

B Credit Rating

A rating denoting a relatively high risk level for investors or lenders, indicating that the entity has significant credit risk but is not in default.

Treasury Yield Curve

A graphical representation showing the yields on U.S. Treasury securities at fixed maturities, indicating the relationship between interest rates and the length of time to maturity.

Short-term Yields

Interest rates or returns on investments or securities that mature in a short period, typically less than one year.

A Credit Rating

A measure used by creditors to determine the ability of a borrower to pay back debt.