A check dated at a future date is considered a ___________.*

NSF check

return check

stale check

post-dated check

The taxable income of Mary is 1,200,000. How much is her income tax?*

130,000

230,000

250,000

256,000

Money placed in a bank or other financial institutions for safekeeping. *

savings account

statement of account

bank account

checking account

A tax on consumption of goods or services*

Income Tax

Personal Tax

Property Tax

Value-added Tax

These are deposits already recorded in the company's books thereby increasing the cash balance but not yet recorded in the bank records.*

Checks Returned

Deposits in Transit

Bank Charges

Outstanding Checks

What are the three methods of preparing the Bank Reconciliation of a Business?*

Adjusted Balance Method

Unadjusted Book to Bank Balance Method

Unadjusted Bank to Book Balance Method

Book Errors

Taxes which are applicable only to those who reside within the boundaries of the LGU's authority. *

local taxes

national taxes

personal taxes

regional taxes

It is a characteristic of tax where payment is required and not dependent upon the person's will.*

Generally Payable in Money

None of the above

Proportionate

Enforced Contribution

A monthly report released by the bank to the account holder of the checking account. *

cash flow statement

financial statement

bank statement

None of the above