DigDug Corporation Had Outstanding Cheques Totalling $5,400 on Its June

question 56

Multiple Choice

DigDug Corporation had outstanding cheques totalling $5,400 on its June bank reconciliation.In July,DigDug issued cheques totalling $38,900.The July bank statement shows that $26,300 in cheques cleared the bank in July.The amount of outstanding cheques on DigDug's July bank reconciliation should be:

• A)$12,600.
• B)$18,000.
• C)$5,400.
• D)$7,200.

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Definitions:

Passengers

Individuals who utilize transportation services such as buses, trains, airlines, or other modes of transit.

Spending Variance

The difference between the budgeted or standardized cost of an activity and the actual cost incurred.

Customers Served

The number of clients or consumers that have been provided services or goods by a business.

Flexible Budget Performance Report

A report that compares actual performance against budgeted figures that are adjusted (flexed) for the actual level of output or revenue.