Select the correct choice that completes the text below. A check that was outstanding in...
90.2K
Verified Solution
Link Copied!
Question
Accounting
Select the correct choice that completes the text below.
A check that was outstanding in a previous month's bank reconciliation was again not included in the canceled checks returned by the bank. When reconciling the statement this month, the amount of the check should be _____.
A.
added to the bank statement balance
B.
deducted from the bank statement balance
C.
deducted from the book balance of cash
D.
added to the book balance of cash
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!