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

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Definitions:

Nolo Contendere

A legal plea whereby a defendant in a criminal case does not admit guilt but also does not dispute the charges, allowing for a conviction without an admission of guilt.

Grand Jury

A legal body empowered to conduct official proceedings to investigate potential criminal conduct and to determine whether criminal charges should be brought.

U.S. Constitution

The foundational document of the United States laying out the structure of the federal government, the division of powers, and the rights of citizens.

Federal Felony Cases

Legal proceedings related to crimes that violate federal laws and are considered severe, leading to significant penalties.