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:

Neuroticism

A personality trait associated with negative emotional states such as anxiety, depression, and vulnerability.

Negative Affectivity

A personality trait characterized by the predisposition to experience negative emotions and mood states.

Knew-It-All-Along Effect

A cognitive bias where people believe, after an event has occurred, that they predicted or knew the outcome beforehand.

Irrational Treatment

Behavior or actions that lack reason or logical thought, often leading to unfair treatment.