A Check That Was Outstanding on Last Period's Bank Reconciliation

question 108

Multiple Choice

A check that was outstanding on last period's bank reconciliation was not included with the canceled checks returned by the bank this period.As a result,in preparing this period's reconciliation,the amount of this check should be:

• A)Added to the book balance of cash.
• B)Deducted from the book balance of cash.
• C)Added to the bank balance of cash.
• D)Deducted from the bank balance of cash.
• E)Ignored in preparing the period's bank reconciliation.

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Definitions:

Managers

Individuals responsible for planning, leading, organizing, and controlling a group or organization to achieve specific goals.

Media's Over Reliance

The excessive dependence on media sources for information, which may lead to biased or incomplete understanding of events or issues.

Expertise

The skill or knowledge an individual possesses in a specific field or discipline, often acquired through experience or education.

Bias

A tendency to lean in a certain direction, often to the detriment of an open-minded perspective, usually manifesting as unfair prejudice or favoritism towards something or someone.