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In November, two months before year-end, the bookkeeper erroneously recorded the receipt of a one year bank loan with a debit to cash and a
In November, two months before year-end, the bookkeeper erroneously recorded the receipt of a one year bank loan with a debit to cash and a credit to interest revenue. The most effective method for detecting this type of error is: Multiple Choice Foot the cash receipts journal for November. Send a bank confirmation as of year-end. Prepare a bank reconciliation as of year-end. Prepare a bank transfer schedule as of year-end
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