If a Check Correctly Written and Paid by the Bank

question 128

Multiple Choice

If a check correctly written and paid by the bank for $272 is incorrectly recorded in the company's books for $227,how should this error be treated on the bank reconciliation?

• A)Subtract $45 from the bank's balance.
• B)Add $45 to the bank's balance.
• C)Subtract $45 from the book balance.
• D)Add $45 to the book balance.
• E)Subtract $45 from the bank's balance and add $45 to the book's balancE.$272 - $227 = $45 not enough deducted from the company's cash account balance that must be subtracted from cash.

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Definitions:

Etiology Problems

Refers to the study of causation or origination of problems, particularly in the context of psychological or medical conditions.

Awareness Steps

The stages or measures taken to increase knowledge or consciousness about a particular topic or issue.

Motivational Interviewing

A counseling approach that helps to evoke from individuals their own motivations for making changes, through open-ended questions, affirmations, reflective listening, and summarizing.

Offending Behavior

Actions or conduct that violate social norms or laws, which can result in legal or social sanctions.