If a Check Correctly Written and Paid by the Bank

question 64

Multiple Choice

If a check correctly written and paid by the bank for $491 is incorrectly recorded on the company's books for $419, the appropriate treatment on the bank reconciliation would be to

• A) add $72 to the book's balance.
• B) subtract $72 from the book's balance.
• C) deduct $72 from the bank's balance.
• D) deduct $491 from the book's balance.

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Definitions:

Antipsychotic Drug

Medication primarily used to manage psychosis, including delusions, hallucinations, and disorders such as schizophrenia.

Capsules

A dosage form of medication that is encased in a small, typically cylindrical container made of gelatin or a similar substance, designed to be swallowed.

Eliminate

To completely remove or get rid of something.

Rosenthal Effect

Also known as the Pygmalion effect, the phenomenon by which higher expectations lead to an increase in performance.