Assuming the Account Is Not in Overdraft, When Reconciling the Ledger

question 51

Multiple Choice

Assuming the account is not in overdraft, when reconciling the ledger with the bank statement a deposit in transit should be:

• A) added to the general ledger bank balance.
• B) subtracted from the general ledger bank balance.
• C) added to the bank statement balance in the reconciliation.
• D) subtracted from the bank statement balance in the reconciliation.

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Definitions:

Neurohormones

Neurohormones are hormones produced and released by neuroendocrine cells into the blood to affect distant cells, acting as messengers in the body.

Tropic Hormones

Hormones that stimulate the release of other hormones from their target glands.

Tetraiodothyronine

Also known as thyroxine or T4, it's a thyroid hormone that plays crucial roles in metabolism and growth.

Thyroxine

A hormone produced by the thyroid gland, essential for regulating metabolism, growth, and development.