Multiple Choice
In a bank reconciliation,a bank error:
A) must be added to the bank balance on the bank statement
B) must be deducted from the bank balance on the bank statement
C) may be added or deducted from the bank balance on the bank statement
D) may be added or deducted from the bank balance in the general ledger
Correct Answer:

Verified
Correct Answer:
Verified
Q52: The acceptable acid-test ratio varies by industry.
Q66: If a bank statement included an NSF
Q68: If a bank reconciliation included $600 of
Q69: In a bank reconciliation,items recorded by the
Q71: Stelloh's Berry Farm accepted a bank-issued credit
Q72: The journal entry for an NSF (nonsufficient
Q73: In a bank reconciliation,a book error:<br>A) may
Q74: The payee of the note records interest
Q75: IXOS Ltd.accepted an eighteen-month,$15,000,8% note from ECM
Q111: Bank charges are deducted from the ending