A credit memo appears on the September bank statement.How should this amount be treated on the September bank reconciliation?
A) It should be added to the company's balance.
B) It should be added to the bank balance.
C) It should be deducted from the company's balance.
D) It should be deducted from the bank balance.
Correct Answer:
Verified
Q118: When a bank reconciliation is being prepared,which
Q119: Which of the following procedures is NOT
Q120: While reconciling the chequing account,the accountant notices
Q121: A company's unadjusted bank balance is $3,000.Outstanding
Q122: Figure B
On June 30, a company
Q124: Figure C
The accountant preparing the January
Q125: Delco Construction
The following items relate to
Q126: A company erroneously records a $50 cheque
Q127: Which of the following is a debit
Q128: A debit memo appears on the May
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents