If a Check Correctly Written and Paid by the Bank

question 65

Multiple Choice

If a check correctly written and paid by the bank for $854 is incorrectly recorded on the company's books for $845 the appropriate treatment on the bank reconciliation would be to

• A) deduct $9 from the book's balance.
• B) add $9 to the book's balance.
• C) deduct $9 from the bank's balance.
• D) deduct $854 from the book's balance.

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Definitions:

Types of Duress

include various forms of coercion or pressure exerted on a person to compel them to act against their will in legal contexts, such as physical, economic, or emotional duress.

Defense of Duress

The defense of duress involves arguing that an individual committed a crime as a direct result of being compelled or threatened by someone else, thereby casting doubt on the voluntary nature of the criminal act.

Contract Involved

Pertains to the specific agreement or legal document at the center of a discussion, negotiation, or dispute.

Remedies of Damages

Legal means to recover compensation or rectify harm caused by breaches of contract, torts, or other legal infringements.