A Check for $236 Is Incorrectly Recorded by the Company

question 72

Multiple Choice

A check for $236 is incorrectly recorded by the company as $263.On the bank reconciliation,the error would

• A)appear as a deduction of $27 from the balance per books.
• B)appear as an addition of $27 to the balance per bank.
• C)appear as a deduction of $263 from the balance per books and an addition of $236 to the balance per bank.
• D)appear as an addition of $27 to the balance per books.

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Definitions:

Psychographics

Psychographics involves the study of consumers' lifestyles, interests, attitudes, and values to understand their purchasing behavior.

Lifestyles

The aggregation of choices, behaviors, and attitudes by which individuals express their personal values, interests, and social identities.

Leisure Time

Free time not consumed by work or essential duties, allowing individuals to engage in activities of their choice for relaxation or pleasure.

Consumption Process

The series of steps or actions taken by consumers from the moment they recognize a need, search for information, make a purchase, and post-purchase evaluation.