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:

Acash is available for investment until items are presented for payment at the company's bank

Bfunds do not have to be deposited until the EE cashes the check

Cthe company receives interest on the account

Dbank reconciliations are not required

Show Suggested Answer

Suggested Answer: D

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

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Flo

18 days 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

19 days 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

21 days 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

22 days 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

24 days 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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Ciara

2 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

2 months ago

I agree with Ellsworth, having cash available for investment can be beneficial for the company.

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Ellsworth

2 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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