The Deposit Column of Jeremy Company's Bank Statement Shows a Direct

question 7

Multiple Choice

The deposit column of Jeremy Company's bank statement shows a direct credit of $1,000.Assuming the account is not in overdraft,when reconciling the bank account,this amount will be:

• A)Deducted from the bank statement balance in the reconciliation
• B)Added to the bank statement balance in the reconciliation
• C)Deducted from the general ledger bank balance
• D)Added to the general ledger bank balance

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Definitions:

Satisfy Wants

The fulfillment of human desires or needs through the consumption of goods and services.

Utility

In economics, utility is the satisfaction or benefit derived by consumers from consuming goods or services.

Data

Information collected for analysis or used to reason or make decisions.

Value for X

A placeholder term often used in mathematics to represent an unknown or variable quantity.