When Bank Errors Are Detected by a Company on the Bank

question 11

Multiple Choice

When Bank Errors are detected by a company on the bank statement and a bank reconciliation is prepared,what action does the company need to take to adjust its Cash account?

• A)Increase the Cash account.
• B)Decrease the Cash account.
• C)Increase or decrease the Cash account depending on the error.
• D)Take no action.

---

Definitions:

Social-cognitive Learning Theorist

A scholar who studies how people learn through observing others, imitating behaviors, and modeling, within the context of social interactions, experiences, and outside media influences.

Submissive Behavior

Actions or behaviors that demonstrate a willingness to yield to the influence or authority of others.

Acquisition

The process of gaining knowledge, skills, behaviors, or preferences, often discussed in the context of language learning or cognitive development.

Imitation

The action of using someone or something as a model and attempting to replicate their behavior, actions, or attributes.