For Which of the Following Errors Should the Appropriate Amount

question 42

Multiple Choice

For which of the following errors should the appropriate amount be subtracted from the balance per bank on a bank reconciliation?

• A)Check for $63 recorded by the company as $36.
• B)Deposit of $600 recorded by the bank as $60.
• C)A returned $300 check recorded by the bank as $30.
• D)Check for $75 recorded by the company as $57.

---

Definitions:

Income from Operations

The profit generated from the core business activities of a company, excluding revenues and expenses from non-operational activities like financing or investments.

Payroll Cost

Expenses associated with compensating employees, including wages, salaries, and benefits.

Accounting Cost

The total amount of money or the monetary value of resources consumed or used in the process of generating revenue, as recorded in financial statements.

Residual Income

The income that remains after all costs and expenses, including any cost of capital, have been deducted.