If the Bank Records a Deposit of $800 as $80

question 166

Multiple Choice

If the bank records a deposit of $800 as $80, the error should be shown on a bank reconciliation as a(n) :

• A) deduction from the book balance of $880.
• B) deduction from the bank balance of $880.
• C) addition to the bank balance of $720.
• D) addition to the book balance of $720.

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Definitions:

Probability

The measure of the likelihood that an event will occur, often expressed as a number between 0 and 1.

Failure

The state or condition of not meeting a desirable or intended objective, often used in educational, technical, and personal contexts.

Unfair Die

A die that has been altered or designed in such a way that it does not have an equal chance of landing on each of its faces.

\(X^2\)

A symbol commonly representing the chi-squared statistic, used in statistical tests to evaluate the discrepancies between observed and expected frequencies.