While reconciling the checking account, an accountant with Elliter, Inc noticed that an error had been made in recording a check received by the company. Elliter recorded the receipt as $729 and the correct amount of the check was $279. Which of the following reconciling adjustments is necessary?
A) Add $450 to the company's records.
B) Deduct $450 from the company's records.
C) Add $450 to the bank statement balance.
D) Deduct $450 from the bank statement balance.
B
You might also like to view...
The coding scheme most appropriate for a chart of accounts is
a. sequential code b. block code c. group code d. mnemonic code
Which of the following statements is false in describing different categories of trade areas?
A. The location of competitive stores can also affect the actual trade area configuration. B. The secondary trading area is the geographic area of secondary importance in terms of customer sales, generating about 20-30 percent of the site's customers. C. The primary trading area is the geographic area from which the shopping center or store site attracts 80 percent of its customers. D. The best way to define the three trade zones is based on driving time rather than distance. E. The tertiary trading area includes the remaining customers who shop at the site but come from widely dispersed areas.
Enterprise _____________ integration connects the plans, methods, and tools aimed at integrating separate enterprise systems
Fill in the blank(s) with the appropriate word(s).
The results of strategies that cannot pass the test of moral scrutiny often are NOT manifested in
A. criminal indictment and convictions of company executives. B. increased customer loyalty. C. devastating public relations hits. D. sharp drops in stock prices and lower dividends. E. sizable fines.