Which of the Following Statements Concerning Zero Balance Accounts Is

question 39

Multiple Choice

Which of the following statements concerning zero balance accounts is not correct?

• A)They are set up to handle disbursement activity.
• B)The account has a minimum amount at all times.
• C)Cheques are automatically transferred into the account as cheques presented for payment.
• D)The transfer is automatic and involves an accounting entry only.
• E)The master and the zero balance account locate at the same bank.

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Definitions:

X-Linked Recessive Trait

A genetic condition that is passed down through the X chromosome, where males are more frequently affected because they only have one X chromosome.

Blood Clotting

A physiological process where blood changes from a liquid to a gel, forming a clot to prevent bleeding.

Hemophilia A

A genetic disorder causing a deficiency in clotting factor VIII, leading to excessive bleeding.

Amniocentesis

A medical procedure used in prenatal diagnosis to sample amniotic fluid using a needle inserted into the uterus, to screen for genetic disorders and fetal infections.