Receipts from cash sales of $5,700 were recorded incorrectly by the depositor as $7,500.This item would be included on the bank reconciliation as a(n)
A) deduction from the balance per depositor's records.
B) addition to the balance per bank statement.
C) deduction from the balance per bank statement.
D) addition to the balance per depositor's records.
Correct Answer:
Verified
Q67: A voucher:
A)is received from customers to explain
Q70: An element of internal control is
A)generally accepted
Q72: Which of the following elements of internal
Q73: The bank reconciliation
A) should be prepared by
Q73: Accompanying the bank statement was a credit
Q76: Requiring employees to take annual vacations is
Q77: A credit memorandum from the bank
A)decreases a
Q77: A bank reconciliation should be prepared periodically
Q78: A check drawn by a depositor for
Q79: An element of internal control is
A)fidelity insurance.
B)prepaid
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