A Check Payment for $658 Was Incorrectly Entered in the Cash

question 25

Multiple Choice

A check payment for $658 was incorrectly entered in the Cash account as $856.Which of the following adjustments needs to be made?

• A) decrease the book balance
• B) decrease the bank statement balance
• C) increase the book balance
• D) increase the bank statement balance

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Definitions:

3 Years

A period consisting of three consecutive years.

Decentralized

The distribution of decision-making powers away from a central authority, spreading it among multiple lower-level entities.

Larger Organizations

Refers to big companies or entities that typically have a broad scope of operations, many employees, and a complex organizational structure.

Mechanistic

An organizational design that is highly structured and formal, with clear lines of authority, a detailed division of labor, and strict control mechanisms.