A Payment for $31 Is Incorrectly Recorded on the Checkbook

question 34

Multiple Choice

A payment for $31 is incorrectly recorded on the checkbook stub as $13.The $18 error should be shown on the bank reconciliation as:

• A)added to the balance per bank statement.
• B)deducted from the balance per bank statement.
• C)added to the balance per books.
• D)deducted from the balance per books.

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Definitions:

Framing Error

A cognitive bias where information is presented or perceived in a way that influences judgment or decision-making, often leading to misinterpretation.

Asch Effect

A form of conformity in which individuals modify their behavior or opinions to align with a perceived group consensus.

Decision Confidence

The degree of certainty an individual has in the correctness of their choices.

Certainty

The state of being sure or confident about something, often used in decision-making processes.