Following the completion of the bank reconciliation, an adjusting entry was made that debited cash and credited Interest Revenue. Therefore the bank reconciliation must have included an item that was
A) deducted from the balance per company's records
B) deducted from the balance per bank statement
C) added to the balance per bank statement
D) added to the balance per company's records
Correct Answer:
Verified
Q63: A special form on which is recorded
Q74: Journal entries based on the bank reconciliation
Q76: A voucher
A) is received from customers to
Q79: Credit memos from the bank
A) decrease a
Q79: A check drawn by a company for
Q80: In management's internal control report that is
Q80: An element of internal control is
A) risk
Q83: A debit or credit memo describing entries
Q84: Which one of the following would not
Q87: Accompanying the bank statement was a credit
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