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

question 38

Multiple Choice

In preparing a bank reconciliation statement for a business with a substantial bank balance,the appropriate treatment for dividend on shares,$1200,deposited directly into the bank account,appearing on the bank statement 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:

Power Assertion

A disciplinary strategy that involves the use of authority or physical resources to enforce rules or correct behavior.

Parental Induction

The method by which parents convey rationale and context behind their directives or rules, fostering a child's internal understanding and compliance.

Integrative Approach

A method that combines theories and practices from various disciplines to achieve a comprehensive understanding or solution.

Composition Class

An educational course focused on teaching students how to write effectively, including instruction on structuring arguments, grammar, and style.