If a Company Erroneously Records a $500 Deposit as $400

question 19

Multiple Choice

If a company erroneously records a $500 deposit as $400 in its books, which of the following must occur when reconciling the bank statement?

• A) The company will have to increase the balance per the bank statement by $100.
• B) The company will have to increase the balance per the books by $100.
• C) The company will have to decrease the balance per bank statement by $100.
• D) None of the above

---

Definitions:

Productivity Tracking

The process of monitoring and measuring an employee’s efficiency and output, often using software or tools.

Additional Perks

Additional Perks are extra benefits or privileges provided beyond the basic offerings, often used to motivate or reward.

Enthusiastically

Showing intense and eager enjoyment, interest, or approval in a way that is readily noticeable and contagious.

Self-Management

The ability of an individual to manage their own actions, feelings, and thoughts effectively, often in pursuit of personal and professional goals.