If a Check Correctly Written and Paid by the Bank

question 17

Multiple Choice

If a check correctly written and paid by the bank for $438 is incorrectly recorded on the company's books for $483, the appropriate treatment on the bank reconciliation would be to

• A)add $45 to the bank's balance.
• B)add $45 to the book's balance.
• C)deduct $45 from the bank's balance.
• D)deduct $438 from the book's balance.

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Definitions:

Cultural System

A complex whole comprising beliefs, practices, values, customs, and social behaviors that define a society or a community.

Economic System

A structured and organized way in which a society decides on the distribution of resources, goods, and services.

Social System

A structure of interrelated institutions, organizations, and patterns of interactions that defines a society.

Presidential Democracy

A system of government where a president serves as the head of state and head of government, often in a system separate from the legislative branch.