Multiple Choice
A cheque written by the company for $182 is incorrectly recorded as $218. On the bank reconciliation, the $36 error should be
A) added to the balance per books.
B) deducted from the balance per books.
C) added to the balance per bank.
D) deducted from the balance per bank.
Correct Answer:

Verified
Correct Answer:
Verified
Q18: External auditors are usually employees of the
Q25: A bank overdraft would be reported as<br>A)
Q27: Physical controls are not designed to safeguard
Q28: In large companies, review and reconciliation is
Q32: An effective control activity results when at
Q33: External auditors<br>A) evaluate the system of internal
Q34: A bank statement<br>A) lets a depositor know
Q39: Errors give rise to unintentional misstatements in
Q60: A bank reconciliation is generally prepared by
Q71: An NSF cheque that was received is