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

question 239

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 the actual amount.

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Definitions:

Capitalist Societies

Social systems that rely on private ownership of the means of production and operate on profit and market competition.

Political Power

The ability or authority to influence people's behavior or the course of events, often used within the context of government, organizations, or societies.

Ownership Of Capital

Refers to the holding of assets or wealth by individuals or entities.

Incentive-based Regulations

Regulatory approaches that aim to encourage desired behaviors through incentives, contrasting with command-and-control policies.