In preparing a bank reconciliation, the amount of checks outstanding would be: a. added to the cash

Question:

In preparing a bank reconciliation, the amount of checks outstanding would be:

a. added to the cash balance according to

the bank statement.

b. deducted from the cash balance

according

to the bank statement.

c. added to the cash balance according to

the company’s records.

d. deducted from the cash balance

according

to the company’s records.

AppendixLO1

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Corporate Financial Accounting

ISBN: 9781337398176

15th Edition

Authors: Carl Warren, Jefferson Jones

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