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:

Disposable Income

Resources earmarked for household financial activities in saving and spending following income tax calculations.

Saving

The segment of one's income that is not consumed but saved for future investments or use.

Consumption

The act of using goods and services for personal needs or to satisfy consumer demands.

APS

Average Propensity to Save, the proportion of total income that is saved by the economy or an individual.