Identification. Write the correct answer in each statement. 1. A check merely drawn and recorded but not given to the payee before the end of the reporting period. 2. A check drawn, recorded, and already given to the payee but it bears a date subsequent to the end of reporting period. 3. Two accounts having equal or same balances that when one account is debited, the other account is credited or vice versa.
Identification. Write the correct answer in each statement.
1. A check merely drawn and recorded but not given to the payee before the end of the reporting period.
2. A check drawn, recorded, and already given to the payee but it bears a date subsequent to the end of reporting period.
3. Two accounts having equal or same balances that when one account is debited, the other account is credited or vice versa.
4. These are items not representing deposits credited by the bank to the account of the depositor but not yet recorded by the depositor as cash receipts.
5. These are checks deposited but returned by the bank because of insufficiency of fund.
6. Examples of these are bank service charges, technically defective checks, and NSF checks.
7. A document prepared by the bank detailing the transaction history of the account over the reporting period.
8. A document or instrument evidencing time deposit.
9. A bank account where the depositor is given a passbook upon the initial deposit.
10. A bank account where deposits are covered by deposit slips and where funds are withdrawable on demand by drawing checks against the bank.
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