A Bank Collected $200 on Behalf of Its Customer

question 100

Multiple Choice

A bank collected $200 on behalf of its customer. The $200 should appear on the bank reconciliation as:

• A)added to the bank balance.
• B)added to the book balance.
• C)deducted from the book balance.
• D)having no impact on the book balance.

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Definitions:

Abolitionists

Individuals who advocated for the ending of slavery and campaigned for emancipation in the United States before and during the Civil War.

American Temperance Society

A societal organization founded in 1826 with the goal of promoting abstinence from alcohol, it played a crucial role in the early temperance movement in the United States.

Drunkards

Individuals who habitually consume alcohol to excess, often leading to social, legal, or health issues.

Occasional Drinker

A person who consumes alcoholic beverages infrequently or in moderation.