Question
A company wrote a check for $76 and it cleared the bank for $76. However, the company recorded the check in its cash account
A company wrote a check for $76 and it cleared the bank for $76. However, the company recorded the check in its cash account as $67. How is the difference of $9 handled on the bank reconciliation?
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Auditing and Assurance services an integrated approach
Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley
14th Edition
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