A Check Drawn by a Company in Payment of a Voucher

question 182

Multiple Choice

A check drawn by a company in payment of a voucher for $965 was recorded in the journal as $695. This item would be included in the bank reconciliation as a (n)

• A) deduction from the balance per the company's records
• B) addition to the balance per the bank statement
• C) deduction from the balance per the bank statement
• D) addition to the balance per the company's records

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Definitions:

Cultural Integration

The process where individuals from different cultural backgrounds come to live together harmoniously, sharing and adopting values, traditions, and norms.

Conglomerate Merger

A type of corporate merger involving companies in unrelated business activities.

Layoffs

A process in which a company permanently ends employment for a number of its staff to reduce costs or due to business restructuring.

Workforce Reduction

This describes the process of a company decreasing its employee base to reduce costs and improve efficiency, often involving layoffs or early retirement incentives.