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Author Question: On a bank reconciliation, checks issued during the period that were not presented to the bank for ... (Read 30 times)

nummyann

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on: Jul 5, 2018
On a bank reconciliation, checks issued during the period that were not presented to the bank for payment before the bank statement was prepared are known as
 a. NSF checks.
   b. outstanding checks.
   c. deposits in transit.
   d. dishonored checks.

Question 2

Equity ________.
 
  A) represents shareholders' claims to the assets of a business
  B) represents capital contributions to the business by lenders
  C) represents capital owed by customers
  D) is equal to assets plus liabilities


joshbk44

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Reply #1 on: Jul 5, 2018
Answer to Question 1

b

Answer to Question 2

A


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