If the Bank Records a Deposit of $50 as $150,the

question 77

Multiple Choice

If the bank records a deposit of $50 as $150,the error would be shown on a bank reconciliation as:

• A) a deduction from the book balance of $100
• B) an addition to the book balance of $100
• C) a deduction from the bank balance of $100
• D) an addition to the bank balance of $100

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Definitions:

Industry Averages

Statistical metrics that represent the average or typical performance of companies within a particular industry, used for benchmarking and analysis.

Relative Position

A term used to describe an entity's standing or rank in comparison to others in a given context, such as market share or profitability.

Industry

A sector of the economy that produces and provides related services within a specific area of production or commerce.

Base Period

The Base Period in financial analysis is a specific time period used as a standard of comparison for assessing financial or economic data over different periods.