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:

Sensorimotor Stage

The first of Piaget's stages of cognitive development, where infants from birth to approximately two years old learn about the world through their senses and actions.

Operations

Flexible, reversible mental manipulations of objects, in which objects can be mentally transformed and then returned to their original states.

Precausal Thinking

A type of reasoning typical in early childhood where logic is not yet developed, leading to conclusions that don't follow logically from their premises.

Transductive Reasoning

A type of reasoning, especially noted in young children, where individuals make inferences from one specific event to another, often without understanding the underlying causal relationships.