Multiple Choice
If the bank mistakenly recorded a $17 deposit as $71, the error would be shown on the bank reconciliation as a:
A) $71 addition to the bank balance.
B) $54 addition to the bank balance.
C) $71 deduction from the bank balance.
D) $54 deduction from the bank balance.
Correct Answer:
Verified
Correct Answer:
Verified
Q153: The following data are available for
Q154: If the bank mistakenly recorded a $29
Q155: Johnston Construction created a petty cash
Q156: In each of the following situations, identify
Q157: The controller is responsible for cash management
Q159: Classify each of the following reconciling items
Q160: If a cash register is short by
Q161: Separation of authorization of transactions from custody
Q162: A petty cash fund, established with a
Q163: A bank service charge appears on a