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.)
-Customer's check was deposited on May 31 but is not included on 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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