If a Check Correctly Written and Paid by the Bank

question 2

Multiple Choice

If a check correctly written and paid by the bank for $749 is incorrectly recorded in the company's books for $794,how should this error be treated on the bank reconciliation?

• A)Subtract $45 from the bank's balance.
• B)Add $45 to the bank's balance.
• C)Subtract $45 from the book balance.
• D)Add $45 to the book balance.
• E)Subtract $45 from the bank's balance and add $45 to the book's balance.

Interpret the legal outcomes of specific case laws and their applicability to general contract principles.

Understand the concept and elements of consideration in contracts.

Distinguish between bilateral and unilateral contracts.

Identify the enforceability of promises and modifications in preexisting contracts.

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Definitions:

Psychopathology

The study of psychological disorders, their symptoms, etiology (causes), and treatment.

Diathesis-stress

A psychological theory that explains behavior as both a result of biological and genetic factors ("diathesis"), and life experiences ("stress").

Etiology

The study of the causes or origins of diseases or disorders.

Diathesis-stress Model

A psychological theory that attempts to explain a disorder, or its trajectory, as the result of an interaction between a predispositional vulnerability and stress caused by life experiences.