A Check Drawn by a Depositor for $915 in Payment

question 47

Multiple Choice

A check drawn by a depositor for $915 in payment of a liability was recorded in the depositor's book as $195.What adjustment is required in the depositor's accounts?

• A)Decrease Accounts Payable; decrease Cash
• B)Increase Cash; decrease Accounts Receivable
• C)Increase Cash; increase Accounts Payable
• D)Increase Accounts Receivable; decrease Cash

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Definitions:

Communication Structure

The organized pattern or arrangement by which information is transmitted and received among members of a system or network.

Group Cohesiveness

The degree to which members of a group are attracted to each other and motivated to stay in the group, affecting the group's performance and stability.

Liking Relationships

Interpersonal connections characterized by positive feelings toward each other and enjoyment of each other's company.

Group Polarisation

Describes the tendency of a group to make decisions that are more extreme than the initial inclination of its members, often leading to riskier or more conservative positions.