The deposit column of Meredith Company's bank statement shows a direct credit of $500. Assuming the account is not in overdraft, when reconciling the bank account, this amount will be:
A) deducted from the bank statement balance in the reconciliation.
B) added to the bank statement balance in the reconciliation.
C) deducted from the general ledger bank balance.
D) added to the general ledger bank balance.
Correct Answer:
Verified
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