If the Bank Records a Deposit of $900 as $90,the

question 101

Multiple Choice

If the bank records a deposit of $900 as $90,the error should be shown on a bank reconciliation as a(n) :

• A)deduction from the book balance of $990.
• B)deduction from the bank balance of $990.
• C)addition to the bank balance of $810.
• D)addition to the book balance of $810.

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Definitions:

Well-Known Companies

Firms that have established a strong brand, reputation, and presence in their respective markets, often leading to a wider recognition among the public and investors.

Federally-Sponsored Agency Debt

Securities issued by government-sponsored enterprises to finance activities benefiting the public, with varying degrees of government backing.

Yield Spread

The difference between the yields on varying debt instruments, usually of different credit qualities or maturing at different times.

U.S. Treasuries

Short for United States Treasury securities, which are government debt instruments issued by the U.S. Department of the Treasury to finance government spending.