For Which of the Following Errors Should the Appropriate Amount

question 74

Multiple Choice

For which of the following errors should the appropriate amount be added to the balance per bank on a bank reconciliation?

• A) A returned $300 check recorded by bank as $200
• B) Check for $52 recorded as $25
• C) Deposit of $400 recorded by bank as $100
• D) Check for $37 recorded as $73

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Definitions:

Hard Facts

Objective, concrete information that is not influenced by feelings or interpretations.

Competitive Advantage

The unique attributes or circumstances that enable a business to outperform its competitors.

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An approach to management based on the conscious use of the best available evidence to make decisions.

Local Context

The specific environmental, cultural, economic, and legal conditions in a geographical area that influence business operations and strategy.