If a Bookkeeper Mistakenly Recorded a Payment as $83 Instead

question 45

Multiple Choice

If a bookkeeper mistakenly recorded a payment as $83 instead of the correct amount of $38, the error would be shown on the bank reconciliation as a:

• A)$45 addition to the book balance.
• B)$45 deduction from the book balance.
• C)$45 deduction from the bank balance.
• D)$45 addition to the bank balance.

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Definitions:

Used-Car Dealer

A business that specializes in selling pre-owned vehicles to consumers, often offering financing and trade-in services.

Pension

A type of retirement plan where an employee receives compensation from an employer after retirement.

Salaries

Regular payments made by an employer to an employee, usually monthly or biannually, for their services.

Employer

An entity or individual that hires and pays employees for their labor or services.