Which of the Following Would Be Added to the Balance

question 142

Multiple Choice

Which of the following would be added to the balance per books on a bank reconciliation?

• A) Deposits in transit
• B) Outstanding checks
• C) Collection fee
• D) Interest income

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Definitions:

Substantial Down Payment

A large initial payment made when purchasing an item or property, reducing the amount of the loan or mortgage required.

Risk of Obsolescence

The risk that a product, service, or technology will become outdated or no longer useful, often due to advancements in technology.

Debt to Stockholders' Equity Ratio

A financial ratio that measures the proportion of a company's total debt to its shareholders' equity, indicating the financial leverage of the company.

Current Ratio

The Current Ratio is a measure of liquidity that assesses a company's capacity to cover short-term liabilities or debts due within the next year.