The Cheques That Have Been Paid by the Bank on Behalf

question 134

Multiple Choice

The cheques that have been paid by the bank on behalf of the depositor and included with the bank statement are called:

• A) cancelled cheques
• B) cheques in transit
• C) NSF cheques
• D) outstanding cheques

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Definitions:

Multitask

The ability or practice of performing multiple tasks or duties simultaneously or with overlapping time frames.

Immediate Gratification

The desire or tendency to obtain pleasure or fulfillment without delay or deferment.

Socio-Cultural Conditions

The social and cultural factors that influence an individual's behavior, beliefs, and interactions within a society.

Business Ethics

The study of proper business policies and practices regarding potentially controversial subjects including corporate governance, insider trading, bribery, discrimination, corporate social responsibility, and fiduciary responsibilities.