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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7 days 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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9 days ago

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

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12 days 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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