In October, Three Months Before Year-End, the Bookkeeper Erroneously Recorded

question 42

Multiple Choice

In October, three months before year-end, the bookkeeper erroneously recorded the receipt of a one year bank loan with a debit to cash and a credit to miscellaneous revenue. The most effective method for detecting this type of error is:

• A) Foot the cash receipts journal for October.
• B) Send a bank confirmation as of year-end.
• C) Prepare a bank reconciliation as of year-end.
• D) Prepare a bank transfer schedule as of year-end.

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Definitions:

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The habit of generating critical or pessimistic thoughts about oneself that can affect one's self-esteem and mental health.

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