Question: When a company finds bank errors on the bank statement and bank reconciliation is prepared, what action does the company need to take to adjust
When a company finds bank errors on the bank statement and bank reconciliation is prepared, what action does the company need to take to adjust its cash account?
Question options:
a
Increase or decrease the cash account depending on the error
b
Take no action
c
Increase the cash account
d
Decrease the cash accoun
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