If a Check Correctly Written and Paid by the Bank

question 13

Multiple Choice

If a check correctly written and paid by the bank for $628 is incorrectly recorded on the company's books for $682, the appropriate treatment on the bank reconciliation would be to

• A)add $54 to the book's balance.
• B)subtract $54 from the book's balance.
• C)deduct $54 from the bank's balance.
• D)deduct $628 from the book's balance.

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Definitions:

Assortative Mating

The idea that people are attracted to others who are similar to them in some kind of social hierarchy.

Equity Theory

The idea that people are motivated to maintain a sense of fairness or equity, whereby both partners feel that the proportion of outcomes (rewards) to inputs (costs) that each receives is roughly equal.

Social Hierarchy

The organization of individuals within a society that is ranked from higher to lower based on power, status, or other criteria.

Infatuation

A state of intense but short-lived passion or admiration for someone or something, often without a deep understanding or commitment.