Which of the Following Statements Is False

question 47

Multiple Choice

Which of the following statements is false?

• A)Carriers may be reluctant to accept small shipments because they require a high degree of manual labor.
• B)Some carriers believe they lose money on small shipments.
• C)Consolidating small shipments into larger ones could result in poorer service to the final customer.
• D)Small shipments should be consolidated across place rather than across time.

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Definitions:

Deposits In Transit

Funds that have been deposited by a company but have not yet been recorded by the bank, often resulting in discrepancies in bank reconciliation.

Note Receivable

A financial asset representing a written promise to receive a specific amount of money from a debtor at a future date or on demand.

Bank Service Charge

Fees charged by banks for the use of their services, such as account maintenance and wire transfer fees.

Cash Short

A situation where the actual cash on hand is less than the expected amount, often detected through cash register or petty cash reconciliations.