What Impact Will a Deposit in Transit and an Outstanding

question 16

Multiple Choice

What impact will a Deposit in Transit and an Outstanding Check have on a company's accounting records after a reconciliation is completed? (will cash have to increase or decrease based on the reconciling item)

• A)Deposit in Transit will need to increase the Cash account and Outstanding Checks will decrease the Cash account.
• B)Deposit in Transit will need to decrease the Cash account and Outstanding Checks will increase the Cash account.
• C)Both will increase the Cash account.
• D)No change needs to be made to the Cash account for Outstanding Checks and Deposits in Transit.

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Definitions:

Susceptibility Modification

Changes in an individual's sensitivity or vulnerability to environmental or social influences.

Neodissociation Theory

A psychological theory that explains hypnosis and other altered states of consciousness through the dissociation of the executive control function of the mind into separate streams of awareness.

Neodissociation Theory

A theory proposed by Ernest Hilgard that explains hypnosis as a state of dual consciousness or dissociation within an individual.

Hidden Observer

A concept in hypnosis referring to an aspect of the mind that remains aware of experiences even when the conscious mind is not.