Multiple Choice
A company erroneously records a $50 cheque received from a customer as $500 in its records.What must it now do when reconciling its bank statement?
A) It must increase the balance per its records by $500.
B) It must increase the balance per its records by $450.
C) It must decrease the balance per its records by $500.
D) It must decrease the balance per its records by $450.
Correct Answer:
Verified
Correct Answer:
Verified
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