A Check Issued for $890 to Pay a Vendor on Account

question 61

Multiple Choice

A check issued for $890 to pay a vendor on account was recorded in the firm's records as $980; the canceled check was properly listed on the bank statement at $890. To arrive at an accurate balance on a bank reconciliation statement, the error should be:

• A)added to the bank statement balance.
• B)deducted from the book balance.
• C)added to the book balance.
• D)deducted from the bank statement balance.

---

Definitions:

Shared Stage

A phase or platform where multiple entities or individuals contribute to or engage in collective actions or performances.

Digital Natives

Individuals who are born or brought up during the age of digital technology and are therefore familiar with computers and the Internet from an early age.

Generational Cohort

A group of people born during a certain period who share similar cultural experiences, behaviors, and values.

Teenagers

Individuals in the age group of 13 to 19 years, often characterized by rapid physical growth, hormonal changes, and evolving social identities.