A Check Was Written by a Business for $549 but Was

question 4

Multiple Choice

A check was written by a business for $549 but was recorded erroneously in the Cash account as $459.How would this error be included on the bank reconciliation?

• A) an addition on the book side
• B) a deduction on the bank side
• C) a deduction on the book side
• D) an addition on the bank side

---

Definitions:

Equilibrium Quantity

The quantity of goods or services supplied in the market at which the quantity demanded equals the quantity supplied, leading to a stable market price.

Supply

The total amount of a good or service that is available for purchase at any given price level.

Demand

The extent of a good or service that patrons are inclined and have the ability to secure at different price ranges over a set period.

Substitute

A product or service that can be used in place of another, offering consumers an alternative choice.