A Cheque Written by the Company for $182 Is Incorrectly

question 30

Multiple Choice

A cheque written by the company for $182 is incorrectly recorded as $218. On the bank reconciliation, the $36 error should be

• A) added to the balance per books.
• B) deducted from the balance per books.
• C) added to the balance per bank.
• D) deducted from the balance per bank.

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Definitions:

Omaha Platform

The political agenda adopted by the Populist Party during its convention in Omaha in 1892, advocating for free silver, a graduated income tax, postal savings, regulation of railroads, and direct election of Senators.

Demands

Requests or calls for something to be given or done, often with a sense of urgency or entitlement.

Global Context

The broader, international circumstances or environment in which events, decisions, or actions take place, emphasizing interconnectedness and interdependence worldwide.

Immigration

The action of moving to a foreign country to live permanently, often driven by factors like economic opportunity, family reunification, or escaping conflict.