Question
MMC Inc. recorded the receipt from cash sales of $2,600 as $6,200. This error is adjusted on the bank reconciliation as a(n): a. $6,200 deduction
MMC Inc. recorded the receipt from cash sales of $2,600 as $6,200. This error is adjusted on the bank reconciliation as a(n):
a. $6,200 deduction from the cash balance per bank.
b. $3,600 deduction from the cash balance per books.
c. $2,600 addition to the cash balance per books.
d. $8,800 addition to the cash balance per bank.
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Effective Use Of Teams For IT Audits
Authors: Martin Krist
1st Edition
0849398282, 978-0849398285
