Multiple Choice
Which the following would result in an adjusting journal entry after preparing the bank reconciliation?
A) An error made by the bank for a deposit made in the amount of $650 and recorded as $560 in error.
B) Deposit made by the company in the amount of $650.
C) EFT receipt from customer on account.
D) Outstanding cheque in the amount of $250 issued by the company but not yet cleared by the bank.
Correct Answer:
Verified
Correct Answer:
Verified
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