In a Bank Reconciliation, a Book Error

question 63

Multiple Choice

In a bank reconciliation, a book error:

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

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Definitions:

Boundary Scanners

Individuals or mechanisms that monitor and analyze the external environment of an organization for opportunities and threats.

System Thinkers

Individuals who approach problems and solutions by considering the broader, interconnected system, using holistic thinking to understand complex situations.

Effective Leaders

Individuals who successfully inspire and guide others towards achieving goals and fulfilling the vision of an organization or group.

Stress-Resistant

Being stress-resistant refers to the ability to withstand or manage stress effectively without succumbing to its negative impacts on health and performance.