Question: A cheque issued by John Ltd for $361 has been incorrectly charged by the bank as $163. The appropriate treatment on the bank reconciliation for
A cheque issued by John Ltd for $361 has been incorrectly charged by the bank as $163. The appropriate treatment on the bank reconciliation for John Ltd would be to
Select one:
a. add $198 to Balance as per bank
b. deduct $198 from Balance as per cash book
c. add $198 to Balance as per cash book
d. deduct $198 from Balance as per bank
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
