While Preparing the Bank Reconciliation Terry Discovered That the Bank

question 20

Multiple Choice

While preparing the bank reconciliation Terry discovered that the bank had incorrectly paid cheque number 100389 for $900 more than the amount written on the cheque by the company. The bank account has a positive balance. The proper procedure to correct this bank error is to:

• A) add the error to the bank balance in the general ledger.
• B) deduct the error from the bank statement balance in the reconciliation.
• C) add the error to the bank statement balance in the reconciliation and notify the bank.
• D) deduct the error from the bank balance in the general ledger and notify the bank.

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Definitions:

Output Signal

The information or power delivered by a system or device as a response to a specific input, often used in the context of electronics or communication.

PI-type Filters

A form of electronic filter design that combines a parallel capacitor with a series inductor to block unwanted frequencies, characterized by its resemblance to the letter "PI" in schematic diagrams.

Greek Letter

Characters from the Greek alphabet used in mathematics, science, and engineering as symbols for constants, variables, and coefficients.

Band-rejection Filter

A filter designed to block frequencies within a specific range while allowing frequencies outside of that range to pass.