For Which of the Following Errors Should the Appropriate Amount

question 42

Multiple Choice

For which of the following errors should the appropriate amount be subtracted from the balance per bank on a bank reconciliation?

• A)Check for $63 recorded by the company as $36.
• B)Deposit of $600 recorded by the bank as $60.
• C)A returned $300 check recorded by the bank as $30.
• D)Check for $75 recorded by the company as $57.

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Definitions:

Demand

The desire to own goods or services combined with the ability and willingness to pay for them.

Demand Curve

A curve on a graph that exhibits the quantity of a good that consumers are prepared to buy at different prices.

Income

Regular earnings from employment or investment returns.

Product

An item that is created through a process and is offered for sale to consumers in the market.