When preparing a bank reconciliation statement, outstanding checks would: a. increase the cash balance according to the bank statement. b. deduct the cash balance according to the bank statement. c. increase the cash balance according to the company statement. d. deduct the cash balance according to the company statement.
When preparing a bank reconciliation statement, outstanding checks would: a. increase the cash balance according to the bank statement. b. deduct the cash balance according to the bank statement. c. increase the cash balance according to the company statement. d. deduct the cash balance according to the company statement.
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter7: Accounting For Cash
Section: Chapter Questions
Problem 2CE
Related questions
Question
When preparing a bank reconciliation statement, outstanding checks would:
|
|
a. |
increase the cash balance according to the bank statement. |
|
|
b. |
deduct the cash balance according to the bank statement. |
|
|
c. |
increase the cash balance according to the company statement. |
|
|
d. |
deduct the cash balance according to the company statement. |
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