When Preparing a Bank Reconciliation,which of the Following Items Should

question 45

Multiple Choice

When preparing a bank reconciliation,which of the following items should be added to the book balance?

• A)EFT receipts
• B)Deposits in transit
• C)Collection of note receivable by bank
• D)Both EFT receipts and collection of note receivable

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Definitions:

Situational Ethics

is an ethical framework suggesting that the rightness or wrongness of an action depends on the specific context, rather than on universal moral laws.

Ethical Relativism

The belief that moral principles are not absolute but vary with cultural, societal, or personal circumstances.

Deontology

An ethical theory that suggests actions are morally right because of their intrinsic properties rather than their outcomes.

Ethical Theory

The systematic examination of morals, involving the analysis of concepts like right and wrong, justice, and virtue.