A "Zero Balance Check" Refers to Which of the Following

question 15

Multiple Choice

A "zero balance check" refers to which of the following control procedures?

• A)The ACH clearing account shows a zero balance once all entries are posted.
• B)cross-footing the payroll register
• C)The payroll clearing account shows a zero balance once all entries are posted.
• D)trial balance showing that debits equal credits

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Definitions:

Nonprogrammed Decisions

Decisions made to handle unique, non-recurring or novel situations, often requiring creative problem-solving.

Programmed Decisions

Decisions that are routine and repetitive, often made using predetermined rules or policies.

Escalation Of Commitment

The phenomenon where individuals or organizations continue to invest in a decision despite new evidence suggesting it may be a poor choice, often to justify previous investments.

Reality Checks

Moments or instances where one is forced to recognize the true nature of a situation, often contradicting prior beliefs or expectations.