Question 36

Not yet answered

Marked out of 1.00

Not flaggedFlag question

Question text

If a check correctly written and paid by the bank for $724 is incorrectly recorded on the company's books for $742, the appropriate treatment on the bank reconciliation would be to

Select one:

a. add $18 to the bank's balance

b. add $18 to the book's balance.

c. deduct $724 from the bank's balance.

d. The answer does not exist

e. deduct $724 from the book's balance.