The Bookkeeper Recorded a Deposit of $100 as $10

question 127

Multiple Choice

The bookkeeper recorded a deposit of $100 as $10.On the bank reconciliation,this will be a(n) :

• A)addition of $90 to the balance per bank.
• B)subtraction of $90 from the balance per bank.
• C)addition of $90 to the balance per books.
• D)subtraction of $90 to the balance per books.

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Definitions:

Federal Direct Unsubsidized Loan

A type of federal student loan where the borrower is responsible for paying the interest that accumulates during all periods.

Capitalize Interest

The process of adding the interest accrued on a loan to the principal balance of that loan, effectively increasing the total amount owed.

Finance Charges

Fees and interest charged on borrowed money, typically associated with loans, credit cards, and financed purchases.

Credit Card Company

A financial institution that issues credit cards, allowing cardholders to purchase goods and services on credit.