If a Cheque Correctly Written and Paid by the Bank

question 6

Multiple Choice

If a cheque correctly written and paid by the bank for $483 is incorrectly recorded on the company's books for $384, the appropriate treatment on the bank reconciliation would be to

• A)add $99 to the balance per bank.
• B)add $99 to the balance per books.
• C)deduct $99 from the balance per books.
• D)deduct $99 from the balance per bank.

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Definitions:

Balance

The difference between the total credits and total debits in an account, or the state of having equal weight or power.

Television Repair

The process of diagnosing and fixing problems with televisions, either hardware or software-related issues.

Diagnosed

The process of identifying a disease or condition from its symptoms and tests.

Quick Fix

A speedy yet temporary solution to a problem, often implemented as an immediate but not long-term resolution.