For Which of the Following Errors Should the Appropriate Amount

question 147

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

---

Definitions:

Cost of Goods

The total expense incurred in the production of goods sold by a company, including raw materials and labor costs.

Income Statement

A financial statement that details a company's revenues and expenses over a specific period, showing the net profit or loss.

Administrative Expenses

Expenses related to the general operation of a business, like salaries of executive personnel, accounting department costs, and legal fees.

Eco-efficiency Measure

A metric to assess the economic and environmental performance of a process or product, aiming to achieve higher productivity while reducing environmental impacts.