If a Bookkeeper Mistakenly Records a Disbursement as $810 Instead

question 109

Multiple Choice

If a bookkeeper mistakenly records a disbursement as $810 instead of the correct amount of $180, the error should be shown on the bank reconciliation as a(n) :

• A)$180 addition to the books.
• B)$180 deduction from the books.
• C)$630 addition to the books.
• D)$630 deduction from the books.

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Definitions:

Interest Rate

The percentage of a sum of money charged for its use, often expressed as an annual rate.

Exchange Rate

The value of one currency expressed in terms of another currency, used to determine how much of one currency can be exchanged for another.

Tax Rebate

A refund on taxes when the tax liability is less than the taxes paid.

Interest Rate

The percentage of a sum of money charged for its use, usually expressed as an annual percentage.