When the accounting manager depends on a gut feeling about a circumstance at work, the basis of his decision is

It is acceptable to promise that the manager will return a call

Indicate whether the statement is true or false.

Which of the following items would cause cash per the bank statement to be smaller than the balance of cash shown in the accounting records?

A. Outstanding checks. B. Interest earned on the average balance of the checking account. C. Check no. 824, in the amount of $620.30, is recorded by the bank as $602.30. D. Deposits in transit.