Which One of the Following Has Been the Most Common

question 15

Multiple Choice

Which one of the following has been the most common payment option for bonus compensation in recent years?

• A)Vacation time.
• B)Stock options.
• C)Increased benefits.
• D)Salary increase.

---

Definitions:

Outstanding Checks

Checks that have been written and recorded in a company's books but have not yet been cleared or cashed by the bank.

Deposit In Transit

Refers to money that has been received and recorded by a business but has not yet been recorded by the bank.

Notes Receivable

Claims against others for money, goods, or services evidenced by promissory notes that are to be paid within a certain period of time.

Bank Reconciliation

is a process of matching the balances in an entity's accounting records for a cash account to the corresponding information on a bank statement.