If a Check Correctly Written and Paid by the Bank

question 2

Multiple Choice

If a check correctly written and paid by the bank for $749 is incorrectly recorded in the company's books for $794,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.

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Definitions:

Less Bureaucratic

Referring to organizations or systems operating with fewer rules, formalities, and administrative procedures, aiming for greater flexibility and efficiency.

Servant Leader

A leadership philosophy which emphasizes the leader's primary role as serving the needs of their team members or employees.

Self-Determination

The process by which individuals control their own life, make their own decisions, and pursue their own goals, often in the context of nations or psychological development.

Meaning

The significance, purpose, or understanding of something, often related to how it is perceived or interpreted by individuals.