A firm wrote a check for $282 but the bank added $282 to the firm's account for the check. On a bank reconciliation statement this error would be shown as: Question 25 options: a. a deduction of $282 from the bank statement balance. b. an addition of $282 to the bank statement balance c. a deduction of $564 from the bank statement balance. d. an addition of $564 to the bank statement balance.
A firm wrote a check for $282 but the bank added $282 to the firm's account for the check. On a bank reconciliation statement this error would be shown as: Question 25 options: a. a deduction of $282 from the bank statement balance. b. an addition of $282 to the bank statement balance c. a deduction of $564 from the bank statement balance. d. an addition of $564 to the bank statement balance.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A firm wrote a check for $282 but the bank added $282 to the firm's account for the check. On a
a. a deduction of $282 from the bank statement balance.
b. an addition of $282 to the bank statement balance
c. a deduction of $564 from the bank statement balance.
d. an addition of $564 to the bank statement balance.
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