A Cheque for the Cash Purchase of Supplies for $329

question 63

Multiple Choice

A cheque for the cash purchase of supplies for $329 was recorded on the books as $239. On a bank reconciliation, this will appear as a(n) :

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

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Definitions:

Concurrent Control

A method of management where monitoring processes and activities take place during the task to ensure alignment with goals and standards.

Work Process

The series of actions or steps taken in order to achieve a particular end in a professional environment.

Planning

The process of setting goals, defining strategies, and outlining tasks and schedules to achieve the desired results.

Means-Ends

An analysis or approach that focuses on identifying the means to achieve a desired end or goal.