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:

Bookcases

Furniture designed to store and display books, typically consisting of horizontal shelves.

Supplier-customer Combinations

Various possible pairings or relationships between suppliers and customers in a market or supply chain.

Mutually Exclusive

Events that cannot happen simultaneously.

Simple Events

In probability, a simple event is a single outcome within a sample space, not composed of other events.