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In October, three months before year-end, the bookkeeper erroneously recorded the receipt of a one year bank loan with a debit to cash and a

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In October, three 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 miscellaneous revenue. The most effective method for detecting this type of error is: Prepare a bank reconciliation as of year-end Prepare a bank transfer schedule as of year-end Send a bank confirmation as of year-end Foot the cash recelpts joumal for October

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