If a Check Correctly Written and Paid by the Bank

question 13

Multiple Choice

If a check correctly written and paid by the bank for $628 is incorrectly recorded on the company's books for $682, the appropriate treatment on the bank reconciliation would be to

• A)add $54 to the book's balance.
• B)subtract $54 from the book's balance.
• C)deduct $54 from the bank's balance.
• D)deduct $628 from the book's balance.

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Definitions:

Oil Firm

A company involved in the exploration, production, refinement, or sale of oil and oil products, often playing a significant role in the energy sector.

Striking Oil

Discovering a significant and valuable amount of oil during drilling activities.

Ford Dealership

A business authorized by the Ford Motor Company to sell and service Ford vehicles.

Return Buyers

Customers who make repeated purchases from a business, reflecting customer loyalty and satisfaction.