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When preparing the monthly bank reconciliation, the accountant for Farris Corporation discovered that a check correctly written to one of Farris' suppliers for $ 1
When preparing the monthly bank reconciliation, the accountant for Farris Corporation discovered that a check correctly written to one of Farris' suppliers for $ had been incorrectly recorded in the books as $ Which of the following statements is correct with respect to the bank reconciliation process?
Multiple Choice
The cash balance per the bank statement will be increased.
The cash balance per the books will be decreased.
The cash balance per the bank statement will be decreased.
The cash balance per the books will be increased.
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav
13th Edition
8120335643, 136126634, 978-0136126638
