If a check correctly written and paid by the bank for $484 is incorrectly recorded on the company's books for $448, the appropriatetreatment on the bank reconciliation would be toadd $36 to the book's balance.subtract $36 from the book's balance.deduct $36 from the bank's balance.deduct $484 from the book's balance.O O O O

Bank reconciliation: It is a statement drawn up by the business to verify the cash book balance with…

If a check correctly written and paid by the bank for $484 is incorrectly recorded on the company's books for $448, the appropriate treatment on the bank reconciliation would be to O add $36 to the book's balance. O subtract $36 from the book's balance. O deduct $36 from the bank's balance. O deduct $484 from the book's balance.

If a check correctly written and paid by the bank for $484 is incorrectly recorded on the company's books for $448, the appropriate treatment on the bank reconciliation would be to O add $36 to the book's balance. O subtract $36 from the book's balance. O deduct $36 from the bank's balance. O deduct $484 from the book's 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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