In a Bank Reconciliation, a Bank Error

question 120

Multiple Choice

In a bank reconciliation, a bank error:

• A) may be added or deducted from the bank balance on the bank statement
• B) must be added to the bank balance on the bank statement
• C) may be added or deducted from the bank balance in the general ledger
• D) must be deducted from the bank balance on the bank statement

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Definitions:

Demonstrating Displacement

The act of showing how emotional needs or impulses are transferred from their original object to a more acceptable or less threatening target.

Work Frustration

The feeling of being upset or annoyed as a result of being unable to achieve one's goals or fulfill expectations in a work environment.

Aggressive Instinct

The innate or inherent impulse towards aggressive behavior, often associated with instincts for survival and competition.

Freud

An Austrian neurologist named Sigmund Freud introduced psychoanalysis, a therapeutic approach aimed at treating mental health issues through discussions between a psychoanalyst and their patient.