While Preparing the Bank Reconciliation,an Accountant Discovered That a $426

question 49

Multiple Choice

While preparing the bank reconciliation,an accountant discovered that a $426 check returned with the bank statement had been recorded erroneously in the depositor's accounting records as $462.In preparing the bank reconciliation the appropriate action to correct this error would be to:

• A)Add $36 to the balance per the depositor's records.
• B)Add $36 to the balance per the bank statement.
• C)Deduct $36 from the balance per the bank statement.
• D)Deduct $36 from the balance per the depositor's records.

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Definitions:

Time Inventory

A method or tool used to assess and analyze how individuals allocate their time among various activities, aiming to improve time management, efficiency, and productivity.

To-Do List

A list or compilation of tasks, activities, or items that need to be completed, usually organized by priority.

Time Management

The process of organizing and planning how to divide one's time between specific activities efficiently.

Daily Routine

A sequence of actions regularly followed by an individual.