If a Cheque Correctly Written and Paid by the Bank

question 21

Multiple Choice

If a cheque correctly written and paid by the bank for $521 is incorrectly recorded on the company's books for $251, the appropriate treatment on the bank reconciliation would be to

• A) add $270 to the balance per bank.
• B) add $270 to the balance per books.
• C) deduct $270 from the balance per books.
• D) deduct $270 from the balance per bank.

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Definitions:

Used Textbooks

Textbooks that have been previously owned and used by someone else.

Defectives

Items or products that fail to meet quality standards or specifications.

Weight Loss

Weight loss is the reduction of total body mass due to a mean loss of fluid, body fat, or lean mass, often resulting from exercise, diet, or a specific health regimen.

Confidence Interval

A spectrum of numbers coming from sample data that is expected to encompass the value of an unspecified population parameter.