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

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Definitions:

Demand Elastic

Referring to a situation where the quantity demanded of a good or service significantly changes in response to a change in its price.

Price-Elasticity Coefficient

A numeric value that measures how much the quantity demanded of a good responds to a change in the price of that good, indicative of its price sensitivity.

Price Reduction

A decrease in the selling price of goods or services, often intended to stimulate demand or respond to competitive market pressures.

Price Elasticity

The measure of how responsive the quantity demanded or supplied of a good or service is to a change in its price.