If a Check Correctly Written and Paid by the Bank

question 88

Multiple Choice

If a check correctly written and paid by the bank for $427 is incorrectly recorded on the company's books for $472, the appropriate treatment on the bank reconciliation would be to

• A)add $45 to the bank's balance.
• B)add $45 to the book's balance.
• C)deduct $45 from the bank's balance.
• D)deduct $427 from the book's balance.

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Definitions:

Moral Reasoning

The process by which individuals make decisions about what is right or wrong, often influenced by cultural, social, and personal values.

Preconventional

A stage in Kohlberg's theory of moral development where an individual's sense of morality is externally controlled, guided by consequences of actions rather than internalized values.

Conventional

Adhering to established norms and standards, often reflecting the majority or traditional viewpoint.

Postconventional

A stage in Kohlberg's theory of moral development where the individual's sense of morality is defined by internal principles, and may not align with societal norms.