Multiple Choice
If the bank records a deposit of $800 as $80, the error should be shown on a bank reconciliation as a(n) :
A) deduction from the book balance of $880.
B) deduction from the bank balance of $880.
C) addition to the bank balance of $720.
D) addition to the book balance of $720.
Correct Answer:
Verified
Correct Answer:
Verified
Q161: Once the company receives the inventory, it
Q162: When approving an invoice for payment:<br>A) the
Q163: Most petty cash funds use an imprest
Q163: The rule that all major groups of
Q164: A company is looking at various financing
Q165: Prepare the bank reconciliation for June 30
Q167: Differences between the amount of cash reported
Q168: Several large frauds occurred in 2001 and
Q169: All mail is opened by a mail
Q170: The Toy Store borrowed $12,000 from the