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If a check correctly written and paid by the bank for $754 is incorrectly recorded in the company's books for $745, how should this error
If a check correctly written and paid by the bank for $754 is incorrectly recorded in the company's books for $745, how should this error be treated on the bank reconciliation? Add $9 to the book balance. Subtract $9 from the bank's balance and add $45 to the book's balance. Subtract $9 from the book balance. Subtract $9 from the bank's balance. Add $9 to the bank's balance.
If a check correctly written and paid by the bank for $754 is incorrectly recorded in the company's books for $745, how should this error be treated on the bank reconciliation?
Add $9 to the book balance.
Subtract $9 from the bank's balance and add $45 to the book's balance.
Subtract $9 from the book balance.
Subtract $9 from the bank's balance.
Add $9 to the bank's balance.
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A Textbook Of Cost And Management Accounting
Authors: Arora
10th Edition
9789325956209
