During Preparation of a Bank Reconciliation, Outstanding Checks Should Be

question 203

Multiple Choice

During preparation of a bank reconciliation, outstanding checks should be:

• A) Added to the balance per the bank statement.
• B) Deducted from the balance per the bank statement.
• C) Added to the balance per the depositor's records.
• D) Deducted from the balance per the depositor's records.

---

Definitions:

Consumer Behavior

The study of how individuals or groups select, purchase, use, and dispose of goods, services, ideas, or experiences to satisfy their needs and desires.

Clear Preferences

The concept in decision theory and economics where consumers or decision-makers have well-defined preferences, allowing for consistent choices among sets of alternatives.

Budget Constraints

Constraints that consumers face as a result of limited incomes.

Endowment Effect

Tendency of individuals to value an item more when they own it than when they do not.