If a check correctly written and paid by the bank for $754...
70.2K
Verified Solution
Link Copied!
Question
Accounting
If a check correctly written and paid by the bank for $754 is incorrectly recorded in the company's books for $745, how should this error be treated on the bank reconciliation?
Add $9 to the book balance.
Subtract $9 from the bank's balance and add $45 to the book's balance.
Subtract $9 from the book balance.
Subtract $9 from the bank's balance.
Add $9 to the bank's balance.
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!