A Check Was Written by a Business for $507 but Was

question 62

Multiple Choice

A check was written by a business for $507 but was recorded in the journal as $705.How would this error be included on the bank reconciliation?

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

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Definitions:

Win-Win Solution

A resolution to a conflict where all parties benefit or achieve their objectives without compromising.

Concerns

Issues or matters that are a cause for worry or care, often requiring attention or action.

Satisfactory Solution

An outcome or resolution to a problem that meets the requirements or expectations to an acceptable level.

Competence

The quality of being competent; adequacy; possession of required skill, knowledge, qualification, or capacity.