If a Check Correctly Written and Paid by the Bank

question 64

Multiple Choice

If a check correctly written and paid by the bank for $491 is incorrectly recorded on the company's books for $419, the appropriate treatment on the bank reconciliation would be to

• A) add $72 to the book's balance.
• B) subtract $72 from the book's balance.
• C) deduct $72 from the bank's balance.
• D) deduct $491 from the book's balance.

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Definitions:

Labor Unions

Labor unions are organized groups of workers who unite to negotiate collectively with employers over wages, benefits, working conditions, and other labor-related issues.

Political Conditions

The state of the political environment in a country, including stability, governance quality, and policy directions.

Wagner Act

Also known as the National Labor Relations Act of 1935, it established rights for workers to form unions and engage in collective bargaining in the United States.

Unionized Business

A business where its workers are members of a union, which represents their interests in negotiations with management over wages, benefits, and working conditions.