A Check Written for $354 Is Incorrectly Recorded by a Company

question 98

Multiple Choice

A check written for $354 is incorrectly recorded by a company as $534.On the bank reconciliation the $180 error should be

• A) deducted from the balance per books.
• B) added to the balance per bank.
• C) deducted from the balance per bank.
• D) added to the balance per books.

Understand strategic considerations in setting pay levels and dealing with wage compression.

Grasp the importance of internal and external equity in compensation management.

Understand the role of job classifications and benchmarks in determining pay.

Recognize the significance of legislation on compensation strategies and practices.

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Definitions:

Urban Slaves

Refers to enslaved people who lived and worked in urban settings, often in roles different from their counterparts on plantations, such as artisans or domestic workers.

Civil War

Refers to the American Civil War, fought from 1861 to 1865, primarily over the issues of slavery and states' rights, resulting in the preservation of the Union.

Autonomy

The right or condition of self-government, or the capacity of an individual to make an informed, uncoerced decision.

Free Blacks

African Americans who were not enslaved and lived freely, especially prevalent in the United States before the Civil War.