William's Bank Account Is Not in Overdraft

question 46

Multiple Choice

William's bank account is not in overdraft. When preparing the bank reconciliation he found that the bank had incorrectly credited his account with $50. The proper procedure is to:

• A) add $50 to the bank balance in the general ledger and notify the bank.
• B) add $50 to the bank balance in the general ledger.
• C) do nothing as the bank will adjust the error when it balances.
• D) deduct $50 from the bank statement balance in the bank reconciliation and notify the bank.

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Definitions:

Control Groups

A group in an experiment or study that does not receive treatment by the researchers and is then used as a benchmark to measure how the other tested subjects do.

Treatment Groups

Groups formed for the purpose of delivering therapeutic interventions to individuals sharing common issues or conditions.

Cognitive-Behavioral Therapies

A group of psychotherapeutic treatments that help patients understand the thoughts and feelings that influence behaviors, aiming to change negative patterns.

Behavioral Conditioning

A learning process that involves forming associations between an environmental stimulus and a naturally occurring stimulus.