Multiple Choice
If the bank records a deposit of $3,300 as $330,the error would be shown on a bank reconciliation as:
A) a deduction from the book balance of $2,970
B) a deduction from the bank balance of $2,970
C) an addition to the bank balance of $2,970
D) an addition to the book balance of $2,970
Correct Answer:
Verified
Correct Answer:
Verified
Q1: What category of account is the Allowance
Q2: Under the allowance method,the entry to write
Q3: To maintain effective internal control,the majority of
Q6: A company with net sales of $500,000,a
Q8: Which of the following is a correct
Q10: If a bank reconciliation included deposits in
Q62: The allowance method of accounting for bad
Q78: An aging-of-accounts-receivable indicates that the amount of
Q116: Factoring receivables involves selling them at a
Q173: The balance in Accounts Receivable was $700,000