Question
When preparing the bank reconciliation on 31 May, Baldacchino Services Ltd found that the bank statement showed a credit balance of $17 955.10. On 31
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When preparing the bank reconciliation on 31 May, Baldacchino Services Ltd found that the bank statement showed a credit balance of $17 955.10. On 31 May, the accountant discovered that cheque no. 336 (in payment for the purchase of office equipment) was correctly issued for $810.30 but incorrectly recorded in the cash payments journal as $801.30. The error of $9 should be ?
deducted from the cash at bank balance.
added to the cash at bank balance.
added to the bank statement balance in the reconciliation.
deducted from the bank statement balance in the reconciliation.
When preparing the bank reconciliation on 31 May, Baldacchino Services Ltd found that the bank statement showed a credit balance of $17 955.10. On 31 May, the accountant discovered that cheque no. 336 (in payment for the purchase of office equipment) was correctly issued for $810.30 but incorrectly recorded in the cash payments journal as $801.30. The error of $9 should be ?
| deducted from the cash at bank balance. | ||
| added to the cash at bank balance. | ||
| added to the bank statement balance in the reconciliation. | ||
| deducted from the bank statement balance in the reconciliation. |
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Managerial Accounting
Authors: John J. Wild, Ken W. Shaw
2010 Edition
9789813155497, 73379581, 9813155493, 978-0073379586
