In Preparing a Bank Reconciliation Statement for a Business with a Substantial

question 35

Multiple Choice

In preparing a bank reconciliation statement for a business with a substantial bank balance,the appropriate treatment for a customer's cheque for $85 that was returned because of insufficient funds is to:

• A) add it to the balance as per bank statement.
• B) deduct it from the balance as per bank statement.
• C) add it to the balance per company records.
• D) deduct it from the balance per company records.

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Definitions:

Surgical Repair

The act of fixing or restoring a part of the body through operative procedures, often involving the reconstruction of tissues or organs.

Consent

Agreement or approval given voluntarily by a competent individual, often informed about the nature and consequences of an action or decision.

Civil Tort Law

The area of law that deals with wrongs or grievances where a person can sue for compensation.

Wrong Medication

An error that involves administering or prescribing a medication that is not the correct one for the patient's condition or specifications.