If a Cheque Correctly Written and Paid by the Bank

question 64

Multiple Choice

If a cheque correctly written and paid by the bank for $483 is incorrectly recorded on the company's books for $384, the appropriate treatment on the bank reconciliation would be to

• A) add $99 to the balance per bank.
• B) add $99 to the balance per books.
• C) deduct $99 from the balance per books.
• D) deduct $99 from the balance per bank.

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Definitions:

Cognitive Skills

Mental abilities and processes related to knowledge, reasoning, memory, attention, and problem-solving.

Decision Making

The cognitive process of selecting a course of action from among multiple alternatives.

Multisource Feedback Programs

Multisource feedback programs involve collecting performance evaluations from various sources, including peers, subordinates, and superiors, to provide a comprehensive view of an individual's performance.

Accurate Knowledge

Information that is correct, precise, and true to its nature.