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APA Exam CPP-Remote Topic 3 Question 66 Discussion

Actual exam question for APA's CPP-Remote exam
Question #: 66
Topic #: 3
[All CPP-Remote Questions]

One reason many companies use a Zero Balance Checking Account is that:

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Suggested Answer: D

by Margurite at Mar 03, 2025, 06:39 PM

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Flo
2 months ago
Hmm, I'm going with A. Keeping the cash in the account until it's needed sounds like a smart move to me. Plus, it'll make the company look super organized.
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Oren
2 months ago
C) the company receives interest on the account? Seriously? This is a checking account, not a savings account. I think someone's been drinking too much coffee during their lunch break.
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Britt
2 months ago
D) bank reconciliations are not required? Sign me up! I'd rather spend my time playing Angry Birds than balancing the books.
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Tequila
2 months ago
Option A seems legit. I like the idea of having cash available for investing until the check clears. Cha-ching!
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Marcos
2 months ago
A Zero Balance Checking Account? That's like having an empty piggy bank - how are you supposed to buy candy with that?
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Devora
20 days ago
C) the company receives interest on the account
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Pamella
21 days ago
B) funds do not have to be deposited until the EE cashes the check
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Precious
1 months ago
C) the company receives interest on the account
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Carin
1 months ago
A) cash is available for investment until items are presented for payment at the company's bank
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Jesus
1 months ago
B) funds do not have to be deposited until the EE cashes the check
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Louis
1 months ago
A) cash is available for investment until items are presented for payment at the company's bank
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Ciara
3 months ago
I'm not sure, but I think C) the company receives interest on the account could also be a reason for using a Zero Balance Checking Account.
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Tammi
3 months ago
I agree with Ellsworth, having cash available for investment can be beneficial for the company.
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Ellsworth
3 months ago
I think the answer is A) cash is available for investment until items are presented for payment at the company's bank.
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