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The bank charged a cheque against a customer's account which should have been charged to another company. Assuming that the bank statement of the customer
The bank charged a cheque against a customer's account which should have been charged to another company. Assuming that the bank statement of the customer had a credit balance, what adjustment would need to be made to correct this?
a. Add to cash balance per business
b. Does not affect the bank reconciliation
c. Deduct from cash balance per bank
d. Deduct from cash balance per business
e. Add to cash balance per bank
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