In Reconciling a Bank Statement, the Bank Balance Is $2,100

question 140

Multiple Choice

In reconciling a bank statement, the bank balance is $2,100 and the checkbook balance is $2,001. Which of the following is the most probable reason for the bank balance being larger than the book balance?

• A)There are outstanding checks.
• B)The bank has deducted certain amounts for bank service charges.
• C)A deposit in transit was made at the end of the month.
• D)The company erroneously recorded a check for an amount less than actual.

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Definitions:

Democratic Behaviours

Actions that promote participation, equality, freedom of speech, and respect for all individuals in a group or society.

Participative Behaviours

The actions of individuals who are actively involved and contribute to group or organizational decision-making processes.

Leadership Approaches

Various strategies and styles employed by leaders to guide, influence, and ensure the fulfillment of goals by their followers.

Emotional Intelligence

The ability to recognize, understand, and manage one's own emotions and to recognize, understand, and influence the emotions of others.