Which of the Following Would Be Added to the Balance

question 40

Multiple Choice

Which of the following would be added to the balance per books on a bank reconciliation?

• A) Deposits in transit
• B) Outstanding checks
• C) Service charges
• D) Notes collected by the bank

Understand the steps and requirements in creating and editing fields in Access tables.

Differentiate between Table Design view and Table Datasheet view.

Identify various database objects in Access and their functions.

Recognize the process for creating a database from scratch or using templates.

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Definitions:

Shortage

A situation where the demand for a product exceeds the available supply, often leading to higher prices.

Equilibrium

The state in which market supply and demand balance each other, and as a result, prices become stable.

Shortage

A situation in which the demand for a product or service exceeds the available supply, often leading to higher prices or unmet demand in the market.

Surplus

A situation where the quantity supplied of a good exceeds the quantity demanded at the current price, often leading to a decrease in prices.