Multiple Choice
If the bank records a deposit of $3,300 as $330, the error would be shown on a bank reconciliation as:
A) an addition to the book balance of $2,970
B) a deduction from the bank balance of $2,970
C) a deduction from the book balance of $2,970
D) an addition to the bank balance of $2,970
Correct Answer:
Verified
Correct Answer:
Verified
Q65: Selling accounts receivable typically:<br>A) decreases total assets
Q66: The current ratio is calculated by taking
Q67: Cheques that have been written by the
Q68: A company has $50,000 in cash, $85,000
Q69: If a bank reconciliation included deposits in
Q71: Cash collected from accounts receivable is shown
Q72: The journal entry for an NSF (nonsufficient
Q73: The cost of printing cheques should be
Q74: The payee of the note records interest
Q75: On the maturity date, the payee of