If a Bookkeeper Mistakenly Records a Disbursement as $36 Instead

question 46

Multiple Choice

If a bookkeeper mistakenly records a disbursement as $36 instead of the correct amount of $63, the error should be shown on the bank reconciliation as a:

• A) $27 addition to the books.
• B) $27 deduction from the books.
• C) $36 addition to the books.
• D) $36 deduction from the books.

Understand the significance of inventory management on financial ratios.

Comprehend the relationship between sales and receivables management.

Recognize the effect of asset management on company profitability and efficiency.

Understand the calculation and implications of profit margin ratios.

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