A Check Drawn by a Company for $360 in Payment

question 61

Multiple Choice

A check drawn by a company for $360 in payment of a liability was recorded in the journal as $630.This item would be included on the bank reconciliation as a(n)

• A)addition to the balance per the company's records.
• B)addition to the balance per the bank statement.
• C)deduction from the balance per the bank statement.
• D)deduction from the balance per the company's records.

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Definitions:

University of Michigan

A public research university in Ann Arbor, Michigan, known for its distinguished academic programs.

Behavioral Leadership Perspective

The belief that specific behaviors distinguish leaders from nonleaders.

Behavioral Leadership Perspective

A focus on observable actions and reactions of leaders to understand their effectiveness in influencing others.

Specific Behaviors

Concrete actions or reactions of individuals in certain situations, observed and measurable.