When Preparing a Bank Reconciliation, Checks Outstanding Will

question 146

Multiple Choice

When preparing a bank reconciliation, checks outstanding will:

• A) Increase the balance per depositor's records.
• B) Decrease the balance per depositor's records.
• C) Increase the balance per the bank statement.
• D) Decrease the balance per the bank statement.

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Definitions:

Spacing Effect

The cognitive phenomenon whereby learning is facilitated when study sessions are spaced out over time rather than conducted in close succession.

Misinformation Effect

A phenomenon where a person's memory of an event can be influenced by misleading information introduced after the event, leading to false or distorted recollections.

Proactive Interference

The difficulty in learning new information because of the presence of previous information.

Sensory Memory

The shortest-term element of memory, which acts as a buffer for stimuli received through the senses, lasting typically up to several seconds.