While preparing the bank reconciliation, an accountant discovered that a $426 check returned with the bank statement had been recorded erroneously in the depositor's accounting records as $462
In preparing the bank reconciliation the appropriate action to correct this error would be to:
A. Add $36 to the balance per the depositor's records.
B. Add $36 to the balance per the bank statement.
C. Deduct $36 from the balance per the bank statement.
D. Deduct $36 from the balance per the depositor's records.
A
Business
You might also like to view...
Which of these aggregate planning strategies is a capacity option?
A) back ordering B) using part-time workers C) counterseasonal product mixing D) changing price E) promotion
Business
Julia is a "neat freak." so she is likely to sometimes neglect accomplishing major tasks in her quest for cleanliness and order
Indicate whether the statement is true or false
Business