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please explain During the bank reconciliation process, an accountant identified an error. A check written for $20 to pay a supplier for goods peuchased on
please explain
During the bank reconciliation process, an accountant identified an error. A check written for $20 to pay a supplier for goods peuchased on credit was erroneously recorded in the company's recorded for $200. Which of the following entries would correct this error? None of these, as the error should be corrected by the supplier's personne All of the following would be considered internal control weaknesses except the practice of shipping goods to customers right before year-end even though the customers had not ordered them. the person who opens the mail also makes the journal entry to record any customer payments received in the mail. it takes two days to get a check written because of the approval required. no physical inventory is ever taken to confirm the amount of inventory recorded in the accounting records. Internal control systems provide assurance in each of the following areas except effectiveness and efficiency of the company's operations. compliance with applicable laws and regulations. consolidation of departments within the accounting function. reliability of financial reportingStep by Step Solution
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