Indicate whether the following items in a bank reconciliation should be (1) Added to the Cash account
Question:
(1) Added to the Cash account balance,
(2) Deducted from the Cash account balance,
(3) Added to the bank statement balance,
(4) Deducted from the bank statement balance.
a. NSF check
b. Deposit in transit
c. Outstanding check
d. Bank error charging the business’s account with another company’s check
e. Bank service charge
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a 2 Deducted from the Cash account balance ...View the full answer
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Related Book For
College Accounting
ISBN: 978-1111528126
11th edition
Authors: Tracie Nobles, Cathy Scott, Douglas McQuaig, Patricia Bille
Question Posted:
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