When Preparing the Bank Reconciliation James Found That the Bank

question 16

Multiple Choice

When preparing the bank reconciliation James found that the bank had incorrectly debited the business' bank account with $200. The proper procedure is to:

• A) deduct $200 from the bank balance in the general ledger and notify the bank.
• B) do nothing as the bank will adjust the error when they balance.
• C) deduct $200 from the bank balance in the general ledger.
• D) add $200 to the bank statement balance in the bank reconciliation and notify the bank.

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Definitions:

Jewish Holocaust

The systematic, state-sponsored persecution and mass murder of six million Jews by the Nazi regime and its collaborators before and during World War II.

Jewish Holocaust

The genocide of approximately six million Jews during World War II by Nazi Germany and its collaborators.

Jewish Canadian

A citizen or permanent resident of Canada who is of Jewish heritage or faith, part of the diverse cultural mosaic of the country.

Sympathy

The feelings of pity and sorrow for someone else's misfortune, often leading to a desire to offer comfort or assistance.