Multiple Choice
A cheque cashed by the payee for $2,200 was recorded in the company's accounting records for $220. On a bank reconciliation:
A) $1,980 will be added to the book balance.
B) $1,980 will be deducted from the book balance.
C) $1,980 will be added to the bank balance.
D) $1,980 will be deducted from the bank balance.
Correct Answer:

Verified
Correct Answer:
Verified
Q2: The entry to record the establishment of
Q3: Prepare any necessary journal entries based on
Q4: An NSF cheque would be entered into
Q5: A cheque written for $68.30 in payment
Q6: Which of the following would be a
Q8: A system that relies on electronic communications,
Q9: Which of the following describes the internal
Q10: An NSF cheque should be added to
Q11: Outstanding cheques in a bank reconciliation should
Q12: The cheques that have been paid by