If a check correctly written for $43 is incorrectly recorded on the...

Harry · #1 (**permalink**) 11-11-2009, 02:39 PM

...company's books as $48, the bank reconcili? If a check correctly written for $43 is incorrectly recorded on the company's books as $48, the bank reconciliation should show

a. an addition to the bank balance of $5.
b. a deduction from the bank balance of $5.
c. an addition to the book balance of $5.
d. a deduction from the book balance of $5.

Irreligious Rationalist · #2 (**permalink**) 11-11-2009, 02:39 PM

what does reconciliation mean?

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode