Question
On preparing bank reconciliation, a credit memorandum indicating collections is a Added to the book balance of cash b. Deducted to the book balance of
On preparing bank reconciliation, a credit memorandum indicating collections is
a Added to the book balance of cash
b. Deducted to the book balance of cash c. Added to the bank statement balance
d. Deducted to the bank statement balance
2. On preparing bank reconciliation, a debit memorandum indicating DAIF check is a. Added to the book balance of cash
b. Deducted to the book balance of cash c. Added to the bank statement balance
d. Deducted to the bank statement balance
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Managerial Accounting Tools for business decision making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
5th edition
470506954, 471345881, 978-0470506950, 9780471345886, 978-0470477144
