If a Check Correctly Written and Paid by the Bank

question 83

Multiple Choice

If a check correctly written and paid by the bank for $427 is incorrectly recorded on the company's books for $472, the appropriate treatment on the bank reconciliation would be to

• A) add $45 to the bank's balance.
• B) add $45 to the book's balance.
• C) deduct $45 from the bank's balance.
• D) deduct $427 from the book's balance.

---

Definitions:

Radioactive Plutonium

A highly radioactive chemical element with the symbol Pu and atomic number 94, used as a fuel in nuclear reactors and in the production of nuclear weapons.

Capital Project

A long-term, capital-intensive investment project with a purpose to build upon, add to, or improve a capital asset.

Expansion

The growth of a business or its operations into new markets, territories, or product lines.

New Venture

Refers to a new business enterprise or startup that is typically characterized by high risk and potential for growth.