Question
A ledger records $50 as a payment (credit) and the bank statement deducts $75 from the bank account in error. To correct the error: Question
A ledger records $50 as a payment (credit) and the bank statement deducts $75 from the bank account in error. To correct the error:
Question 1 options:
a-Increase bank account
b-Decrease bank account
c-Increase ledger account
d-Decrease ledger account
A ledger records $100 as a payment (credit) and the bank statement shows $130. $100 on the ledger is correct. To correct the error:
Question 2 options:
a-Increase bank account
b-Decrease bank account
c-Increase ledger account
d-Decrease ledger account
A ledger records $500 as a deposit (debit) and the bank statement shows $100. $500 on the ledger is correct. To correct the error:
Question 3 options:
a-Increase bank account
b-Decrease bank account
c-Increase ledger account
d-Decrease ledger account
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