If a cheque correctly written and paid by the bank for $354 is incorrectly recorded on the company's books for $345, the appropriate treatment on the bank reconciliation would be to:
A) add $9 to the bank's balance.
B) add $9 to the cash at bank book balance.
C) deduct $9 from the bank's balance.
D) deduct $9 from the cash at bank book balance.
Correct Answer:
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Q1: Which of the following would be added
Q3: A cheque for $157 is incorrectly recorded
Q4: For which of the following errors should
Q5: Management of cash is the responsibility of
Q6: The ratio of cash to daily cash
Q7: The following information is available for Chancellor
Q8: The following information is available for Grosvenor
Q9: Receivables are claims that are expected to
Q10: Accounts receivable includes:
A) non-trade receivables.
B) amounts owed
Q11: Accounts receivable are reported on the statement
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