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:

Ethical Absolutism

The belief in universal ethical standards that apply to all cultures and individuals regardless of context or situation.

Situational Ethics

A philosophy that ethical decisions should be made based on the context of a particular situation rather than by following absolute moral rules.

Deontology

A branch of ethics that focuses on the morality of actions based on adherence to defined rules or duties, regardless of the outcomes.

Ethical Dilemma

A situation where a person is forced to choose between two morally correct but contradictory actions, with no clear solution.