Question
#1. Bank processes check #45 payable to the vendor for $1200; accountant records check #45 as cash payment for $120. amount of error = party
#1. Bank processes check #45 payable to the vendor for $1200; accountant records check #45 as cash payment for $120.
amount of error =
party who made the error =
report on reconciliation: BANK______ (+,-) BOOKS ________ (+,-)
#2.
Company receives check on account from customer for $4000, records as cash receipt and deposits check in bank; bank processes deposit for $400.
amount of error =
party who made the error =
report on reconciliation: BANK______ (+,-) BOOKS ________ (+,-)
#3.
the company receives cash of 9100 for sales to customers, records as cash receipts of 1900 and deposits in the bank; Bank processes deposit for $9100.
amount of error =
party who made the error =
report on reconciliation: BANK______ (+,-) BOOKS ________ (+,-)
#4.
Accountant records check #18 as a cash payment to the vendor for $2000; bank processes check through another bank customer's bank account.
amount of error =
party who made the error =
report on reconciliation: BANK______ (+,-) BOOKS ________ (+,-)
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Accounting A Smart Approach
Authors: Mary Carey, Jane Towers-Clark, Cathy Knowles
2nd Edition
0199674914, 978-0199674916
