The Amount of the Outstanding Checks Is Included on the Bank

question 81

Multiple Choice

The amount of the outstanding checks is included on the bank reconciliation as a(n) :

• A)deduction from the cash balance per books.
• B)addition to the cash balance per bank.
• C)deduction from the cash balance per bank.
• D)addition to the cash balance per books.

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Definitions:

Price Sensitivity

The degree to which the price of a product or service affects consumers' purchasing behaviors.

Co-Branding

A strategy in which two or more companies issue a single product in an effort to capitalize on the equity of each company’s brand.

Negative Publicity

Unfavorable media coverage or public opinion, which can harm a business or individual’s reputation and image.

Private Label Brands

Brands owned by a retailer or supplier but manufactured by a third party, normally sold exclusively in the brand owner's stores.