A Check Was Written by a Business for $507, but Was

question 11

Multiple Choice

A check was written by a business for $507, but was recorded in the cash payments journal as $705. How would this error be included on the bank reconciliation?

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

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Definitions:

British North American Colonies

The British North American Colonies were the territories in North America controlled by Britain until the American Revolution, including the 13 colonies that declared independence in 1776.

Imperial Authorities

Imperial authorities refer to the governing bodies or individuals, such as emperors and their administrations, that hold supreme power in an empire, overseeing wide territories and diverse populations.

Paper Money

A type of currency issued by nations' governments or central banks, representing a government's obligation to pay the amount printed on it.

Massachusetts

A state in the northeastern United States, significant for its role in early American history, especially during the American Revolution.