If the Bank Records a Deposit of $3,300 as $330

question 70

Multiple Choice

If the bank records a deposit of $3,300 as $330, the error would be shown on a bank reconciliation as:

• A) an addition to the book balance of $2,970
• B) a deduction from the bank balance of $2,970
• C) a deduction from the book balance of $2,970
• D) an addition to the bank balance of $2,970

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Definitions:

Rites

Ceremonial acts or practices that are performed with particular rituals and are significant within a culture or organization.

Oral Aspects

The components of communication that involve spoken language and verbal interaction.

Organizational Culture

The shared values, beliefs, and norms that influence the way employees think, feel, and behave within an organization.

Top Management

The highest level of management in an organization, responsible for strategic planning and decision-making.