Which of the Following Would Be Subtracted from the Ledger

question 30

Multiple Choice

Which of the following would be subtracted from the ledger balance of cash when preparing a bank reconciliation?

• A) deposit in transits.
• B) outstanding checks.
• C) notes collected by the bank.
• D) bank service charges.

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Definitions:

Ignorance

The lack of knowledge, understanding, or awareness about something.

Profit Maximization

A company's goal to achieve the highest possible financial gain from its operations, within legal and ethical boundaries.

Criminally Negligent

Behaving in a reckless or careless manner that results in harm to others, without the intent to cause harm.

Health and Safety

Policies, procedures, and practices designed to prevent injury, illness, and accidents in the workplace or public environments.