Question
If a check correctly written and paid by the bank for $520 is incorrectly recorded on the company's books for $502, the appropriate treatment on
If a check correctly written and paid by the bank for $520 is incorrectly recorded on the company's books for $502, the appropriate treatment on the bank reconciliation would be to
deduct $18 from the book's balance.
deduct $18 from the bank's balance.
deduct $520 from the book's balance.
add $18 to the book's balance.
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Introductory Financial Accounting for Business
Authors: Thomas Edmonds, Christopher Edmonds
1st edition
1260299449, 978-1260299441
