Multiple Choice
If the month-end bank statement shows a balance of ¥360,000, outstanding checks are ¥120,000, a deposit of ¥40,000 was in transit at month end, and a check for ¥5,000 was erroneously charged by the bank against the account, the correct balance in the bank account at month end is
A) ¥275,000.
B) ¥285,000.
C) ¥205,000.
D) ¥435,000.
Correct Answer:
Verified
Correct Answer:
Verified
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