Purchase Solution

Outstanding checks - multiple choice question

Not what you're looking for?

Ask Custom Question

Outstanding checks will cause:

A. The bank balance to be larger than the company's book balance
B. The book balance to be larger than the company's bank balance
C. No change to either balance
D. None of the above

Purchase this Solution
Solution Preview

Hi there,

When someone writes a cheque, they would show on their ...

Purchase this Solution
Free BrainMass Quizzes
Writing Business Plans

This quiz will test your understanding of how to write good business plans, the usual components of a good plan, purposes, terms, and writing style tips.

Business Processes

This quiz is intended to help business students better understand business processes, including those related to manufacturing and marketing. The questions focus on terms used to describe business processes and marketing activities.

Change and Resistance within Organizations

This quiz intended to help students understand change and resistance in organizations

Academic Reading and Writing: Critical Thinking

Importance of Critical Thinking

SWOT

This quiz will test your understanding of the SWOT analysis, including terms, concepts, uses, advantages, and process.

View More Free Quizzes
Related BrainMass Solutions

  • Effective Borrowing Rate for Lockbox

    choice questions related to finance.

  • bank reconciliation

    balance per bank and that would give you the amount of outstanding checks which is: d) $1,720 From the Journal Entries i wrote you, you would see that the only correct choice for question 2 is c) A Credit to cash for $450 Use the following

  • 10 Multiple Choice Accounting questions

    34079 10 Multiple Choice Accounting questions - physical inventory, FIFO, LIFO, outstanding checks, Doubtful Accounts, matching principle, previously written off account, bad debt expense, annual depreciation rate, loss on disposal of a plant asset 1

  • Apollo Shoes proposal for internal controls

    When the outstanding checks are cashed the following month, the first person should then note the checks as no longer outstanding on the ledger. The second person then checks the ledger to ensure that all outstanding checks have cashed.

  • Multiple Finance Questions

    d. only preferred shares outstanding Question 2: Multiple Choice A derivative is a financial instrument whose value is determined by a. regulatory body such as the SEC.

  • Financial Accounting Multiple Choice Questions

    Answer: B (38,900 + 5,400 - 26,300 = 18,000) This solution is comprised of a detailed explanation to answer financial accounting multiple choice questions.

  • 10 MULTIPLE CHOICE INTRO ACCOUNTING PROBLEMS

    Jones Company had checks outstanding totaling $5,400 on its June bank reconciliation. In July, Jones Company issued checks totaling $38,900. The July bank statement shows that $26,300 in checks cleared the bank in July.

  • Merger Premiums per Share

    Basic calculations to answer 2 multiple choice questions on merger premiums per share.

  • Information in Cash Records for Ankors Inc.

    ANSWERS -------------------------- Question A 13889 - (10784-2100) = 5205 Question B 10080 - (11600-3800) = 2280 Question C Adjusted cash balance Per bank 27,995 Plus: Deposit in transit 5,205 Less: Outstanding check 2,250 Adjusted cash

  • Capital Structure Weight of Preferred Stock

    choice question on capital structure weight of the preferred stock.

View More Related Solutions