A Check Drawn by a Company for $360 in Payment

question 61

Multiple Choice

A check drawn by a company for $360 in payment of a liability was recorded in the journal as $630.This item would be included on the bank reconciliation as a(n)

• A)addition to the balance per the company's records.
• B)addition to the balance per the bank statement.
• C)deduction from the balance per the bank statement.
• D)deduction from the balance per the company's records.

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Definitions:

Provisions

Stipulations or measures put in place within a contract, policy, or law.

Material Rewards

Incentives provided to employees or individuals in the form of tangible rewards, such as bonuses, gifts, or financial compensation.

Human Resource Managers

Professionals responsible for overseeing employee-related functions in an organization, including recruiting, training, benefits, and compliance with labor laws.

Health Care Workers

Professionals engaged in occupations that focus on the health and well-being of individuals, including medical practitioners, nurses, and support staff.