Multiple Choice
If a check correctly written and paid by the bank for $584 is incorrectly recorded on the company's books for $548, the appropriate treatment on the bank reconciliation would be to
A) deduct $36 from the book's balance.
B) add $36 to the book's balance.
C) deduct $36 from the bank's balance.
D) deduct $584 from the book's balance.
Correct Answer:

Verified
Correct Answer:
Verified
Q54: Storing cash in a company safe is
Q55: Physical controls to safeguard assets do not
Q56: A company maintains the asset account, Cash
Q57: Related selling activities do not include<br>A)ordering the
Q58: In general, documents should be prenumbered and
Q60: An employee authorized to sign checks should
Q61: The principles of internal control include all
Q62: The principle of establishing responsibility does not
Q63: The responsibility for ordering, receiving, and paying
Q64: Winter Gloves Company had checks outstanding totaling