When Preparing a Bank Reconciliation,outstanding Checks Should Be

question 20

Multiple Choice

When preparing a bank reconciliation,outstanding checks should be:

• A)added to the bank statement balance.
• B)subtracted from the bank statement balance.
• C)added to the checkbook balance.
• D)subtracted from the checkbook balance.
• E)ignored until they have cleared.

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Definitions:

Punishment

The imposition of a penalty as a response to an offense, aiming to discipline or correct behavior.

Administrative Tribunals

Administrative tribunals are quasi-judicial bodies established by governments to make decisions on disputes within specific areas such as labor, immigration, or public health.

Federal And Provincial

relates to the two levels of government in countries with a federal system, where certain responsibilities and powers are divided between the national (federal) government and regional (provincial or state) governments.

Governments

Political organizations or bodies that govern a nation, state, municipality, or community, responsible for creating and enforcing laws and policies.