While Reconciling the Checking Account, an Accountant with Sonic Corporation

question 132

Multiple Choice

While reconciling the checking account, an accountant with Sonic Corporation noticed that an error had been made in recording a check received by the company.Sonic recorded the receipt as $729 and the correct amount of the check was $279.What reconciling adjustment is required?

• A) Add $450 to the company's book balance
• B) Deduct $450 from the company's book balance
• C) Add $450 to the bank statement balance
• D) Deduct $450 from the bank statement balance

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Definitions:

Continuous Amnesia

A type of amnesia where the individual is unable to form new memories, leading to a continuous state of forgetting recent information or events.

Dissociative Fugues

A seldom-seen mental disorder defined by ephemeral forgetfulness of personal identity, covering memories, personality traits, and various unique identifiers.

Continuous Amnesia

A form of amnesia where the individual continuously loses the ability to form new memories, leading to an inability to recall recent events.

Organic Amnesia

A form of amnesia that results from a physical injury to the brain or from exposure to a toxic substance, which affects memory formation or retrieval.