Cash in the Process of Collection Is

question 35

Multiple Choice

Cash in the process of collection is

• A)a deposit at another financial institution.
• B)a Fed funds transaction.
• C)checks the bank owes other institutions that have not yet been paid.
• D)checks that the bank is owed but has not yet collected.
• E)equity capital.

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Definitions:

HR

Human Resources, the department in a company that is focused on activities related to employees, including recruitment, training, and compliance.

Accounting and Financial

Pertaining to the systematic recording, reporting, and analysis of financial transactions and positions of a business or individual.

Data

Raw facts and figures that can be processed to generate meaningful information.

Transaction

Any business event that generates data worth capturing and storing in a database.