A Check Was Written by a Business for $549, but Was

question 126

Multiple Choice

A check was written by a business for $549, but was recorded erroneously in the cash ledger as $459. How would this error be included on the bank reconciliation?

• A)an addition on the book side
• B)a deduction on the bank side
• C)a deduction on the book side
• D)an addition on the bank side

Identify types of reliability and what they measure.

Understand the importance of clear definitions and classifications for observer reliability.

Comprehend the distinction between numbers as labels (nominal) and as quantities that can reflect order or magnitude.

Understand the principles of foreign exchange markets and their functions.

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