With Regard to Customer Checks Received by Mail,which Statement Is

question 149

Multiple Choice

With regard to customer checks received by mail,which statement is TRUE?

• A)The debit to Cash by the accounting department should equal the amount deposited in the bank by the mailroom employee.
• B)The customers' Accounts Receivable accounts should be adjusted by the cashier in the treasury department for the payments received.
• C)The controller compares the customers' checks to the remittance advices sent from the mailroom.
• D)The accounting department debits Cash and credits Accounts Receivable.The cashier in the treasurer's department deposits the checks in the bank.

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Definitions:

Marginal Benefit (MB) Curve

A graphical representation that shows the additional satisfaction or utility a consumer receives from consuming one more unit of a good or service.

Pollution Abatement

Actions or measures taken to reduce, control, or eliminate pollution and its negative effects on the environment.

Consumer Tastes

Preferences or desires of consumers regarding certain products or services, which can influence buying behavior and market trends.

Externalities

The cost or benefit that affects a party who did not choose to incur that cost or benefit, affecting third parties outside the transaction.