Question
35-On May 18, ABC company issued check no. 1181 for 570 SR to Mr. Mohammed, on account. The check, which cleared the bank in May,
35-On May 18, ABC company issued check no. 1181 for 570 SR to Mr. Mohammed, on account. The check, which cleared the bank in May, was incorrectly journalized and posted by the company for 750 SR. How would this error be included on the bank reconciliation? A) a deduction on the bank side B) an addition on the book side C) an addition on the bank side D) a deduction on the book side
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Advanced Accounting
Authors: Paul Marcus Fischer, Rita H Cheng, William James Taylor, Roger Taylor
10th Edition
0324379056, 9780324379051
