Multiple Choice
The accountant for a local manufacturing company is reconciling the company’s bank account for May. For each item listed, state how it would be handled on a bank reconciliation. (Choices may be used more than once.)
-Check written on the company's account in May and paid by the bank is returned with the bank statement
A) Addition to bank balance
B) Subtraction from bank balance
C) Addition to company balance
D) Subtraction from company balance
E) Not included on the reconciliation
Correct Answer:
Verified
Correct Answer:
Verified
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