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When Reconciling the Ledger with the Bank Statement Assuming a Positive

Question 4

Multiple Choice

When reconciling the ledger with the bank statement assuming a positive bank balance) a returned dishonoured) cheque should be:


A) Added to the bank statement balance in the reconciliation
B) Subtracted from the general ledger bank balance
C) Subtracted from the bank statement balance
D) Added to the general ledger bank balance

Correct Answer:

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