Classify Each of the Following Reconciling Items of the Tic

question 179

Multiple Choice

Classify each of the following reconciling items of the Tic and Tac Company as:

-Bookkeeper recorded cheque #849 as $693 instead of the correct amount of $963 ________

• A)an addition to the bank balance
• B)a deduction from the bank balance
• C)an addition to the book balance
• D)a deduction from the book balance
• E)not a reconciling item

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Definitions:

Multiphase Queuing System

A type of queuing system where customers go through multiple stages or phases of service.

Bank Office

Typically refers to the administrative and support functions of a bank that are not directly involved in customer-facing services.

Tellers

Employees in a bank who directly deal with customer transactions, such as deposits, withdrawals, and other financial inquiries.

M/M/1 Model

A mathematical model used in queueing theory to describe a single server queue with Poisson arrivals and exponentially distributed service times.