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

question 33

Multiple Choice

In preparing a bank reconciliation statement for a business with a substantial bank balance,the appropriate treatment for monthly service charge appearing on the bank statement,$45,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:

CSR Goals

Objectives set by a company as part of its Corporate Social Responsibility strategy, aiming to achieve positive impacts on society, economy, and the environment.

Ecomagination Strategy

General Electric's initiative to enhance resource productivity and reduce environmental impact through innovative solutions.

Top Management

consists of the highest-level executives and decision-makers in an organization who are responsible for strategizing and directing the company's operations.

Golden Triangle

A strategic concept in various fields; in journalism, it refers to the fitting of the most important information at the beginning of the content.