Multiple Choice
If a company erroneously records a $500 deposit as $400 in its books,which of the following must occur when reconciling the bank statement?
A) The company will have to increase the balance per the bank statement by $100.
B) The company will have to increase the balance per the books by $100.
C) The company will have to decrease the balance per bank statement by $100.
D) The company will have to decrease the balance per the books by $100.
Correct Answer:
Verified
Correct Answer:
Verified
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