A Payment for $27 Is Incorrectly Recorded on the Checkbook

question 96

Multiple Choice

A payment for $27 is incorrectly recorded on the checkbook stub as $72. The $45 error should be shown on the bank reconciliation as:

• A) added to the balance per bank statement.
• B) deducted from the balance per bank statement.
• C) added to the balance per books.
• D) deducted from the balance per books.

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Definitions:

Treat Depression

Methods or interventions, including medications and therapy, aimed at alleviating the symptoms of depression.

Prozac

A brand name for fluoxetine, a selective serotonin reuptake inhibitor (SSRI) used to treat depression and anxiety disorders.

Selective Serotonin Reuptake Inhibitors

A class of drugs commonly used as antidepressants in the treatment of depression, anxiety disorders, and some personality disorders.

Fewer Side Effects

Refers to a condition or situation where there is a reduced number or severity of secondary, typically undesirable effects resulting from a treatment or intervention.