A Firm Appropriately Wrote a Check for $78 but Entered

question 9

Multiple Choice

A firm appropriately wrote a check for $78 but entered the amount as payment of $87 in its records.On a bank reconciliation statement this error would be shown as

• A) a deduction of $9 from the book balance.
• B) an addition of $9 to the book balance.
• C) a deduction of $9 from the bank statement balance.
• D) an addition of $9 to the bank statement balance.

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Definitions:

Complementary

Goods or services that are often used together, such that the increase in consumption of one leads to an increase in the consumption of the other.

Demand for Labor

The total amount of workers that employers are willing and able to hire at a given wage rate within a certain period.

Fastest Growing

Describes entities or economies expanding at a higher rate compared to others within a specified time frame.

Occupations

Various forms of employment or professions in which individuals engage to earn a living.