17. Following are reconciling items in an enterprise's bank reconciliation:Deposit in transit.II.I.Company check for P52,500 recorded in the books for P25,500.Check of another company erroneously charged by the bank in the company's account.IV. Deposit of another company erroneously credited by the bank to the company's account.III.V.Bank service chargeVI. No sufficient fund check charged by the bankVII. Company's deposit for P97,500 recorded in the books for P79,500Which of these adjustments would be shown as deduction from the balance per books in order to arrive at the correctcash balance?А. I, V & VIB. V, VI & VIIC. II, V, VI & VIID. II, IV, V, VI & VII

17. Following are reconciling items in an enterprise’s bank reconciliation: I. Deposit in transit. II. Company check for P52,500 recorded in the books for P25,500. III. Check of another company erroneously charged by the bank in the company's account. IV. Deposit of another company erroneously credited by the bank to the company's account. V. Bank service charge VI. No sufficient fund check charged by the bank VII. Company's deposit for P97,500 recorded in the books for P79,500 Which of these adjustments would be shown as deduction from the balance per books in order to arrive at the correct cash balance? А. П, V & VI B. V, VI & VII С. П, V, VI & VII D. II, IV, V, VI & VII

17. Following are reconciling items in an enterprise’s bank reconciliation: I. Deposit in transit. II. Company check for P52,500 recorded in the books for P25,500. III. Check of another company erroneously charged by the bank in the company's account. IV. Deposit of another company erroneously credited by the bank to the company's account. V. Bank service charge VI. No sufficient fund check charged by the bank VII. Company's deposit for P97,500 recorded in the books for P79,500 Which of these adjustments would be shown as deduction from the balance per books in order to arrive at the correct cash balance? А. П, V & VI B. V, VI & VII С. П, V, VI & VII D. II, IV, V, VI & VII

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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