The Ledger Balance of Cash May Differ from the Bank

question 102

Multiple Choice

The ledger balance of cash may differ from the bank statement balance because of

• A) NSF checks.
• B) outstanding checks.
• C) service charges.
• D) deposits in transit.
• E) all of these.

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Definitions:

Identity Theft

The process by which someone uses personal information about someone else (such as the victim’s name, address, and Social Security number) to assume the victim’s identity for the purpose of defrauding another.

2-Factor Authentication

An additional security layer requiring two types of identification from the user before granting access to their account or device.

Hacker

An individual skilled in exploiting weaknesses in computer systems or networks for various purposes, which could range from malicious attacks to ethical hacking.

Identity Theft

The fraudulent acquisition and use of a person's private identifying information, usually for financial gain.