Multiple Choice
While reconciling the checking account, the accountant noticed that an error had been made in recording a check received by the company. The bookkeeper had recorded the receipt as $729 but the correct amount of the check was $279. Which of the following reconciling adjustments is necessary?
A) Add $450 to the company's records.
B) Deduct $450 from the company's records.
C) Add $450 to the bank statement balance.
D) Deduct $450 from the bank statement balance.
Correct Answer:
Verified
Correct Answer:
Verified
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