Question
Question 1) During the bank reconciliation, you realize that the bank charged your account for another company's check. To adjust for this error, you must:
Question 1) During the bank reconciliation, you realize that the bank charged your account for another company's check. To adjust for this error, you must:
reduce the bank balance by the amount of the check
increase the book balance by the amount of the check
increase the bank balance by the amount of the check
reduce the book balance by the amount of the check
Question 2) On a trial balance, there is difference between total debits and total credits divisible by 9. If this is the only error, you can track it down and make the correction if this is:
an omission error | ||
a transposition error | ||
a doubling error | ||
a misclassification error |
Question 3) Which of these errors is easiest to find and correct?
Incorrect estimation of bad debts expense | ||
Common Stock has a balance listed in the debit column of the trial balance | ||
Incorrect computation of the Interest Expense accrual | ||
Failure to record a transaction | ||
Crediting Sales Revenue instead of Account Receivable for a payme |
Please answer all of these questions and don't skip any of these due to Chegg policy
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