The collection of a notes receivable by the bank on behalf of the company which is discovered
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Question:
The collection of a notes receivable by the bank on behalf of the company which is discovered during the bank reconciliation process indicates
a. An understatement of the cash account in the general ledger
b. An overstatement of the cash account in the general ledger
c. An overstatement of the bank statement
d. An understatement of the bank statement
Related Book For
Horngrens Financial And Managerial Accounting The Financial Chapters
ISBN: 9780134486840
6th Edition
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
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