If a check correctly written and paid by the bank for $406 is incorrectly recorded on the company's books for $460, the appropriate treatment on the bank reconciliation would be to deduct $406 from the book balance. add $54 to the book balance. add $54 to the bank balance. O deduct $406 from the bank balance.

If a check correctly written and paid by the bank for $406 is incorrectly recorded on the company's books for $460, the appropriate treatment on the bank reconciliation would be to deduct $406 from the book balance. add $54 to the book balance. add $54 to the bank balance. O deduct $406 from the bank balance.

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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