question archive If a check correctly written and paid by the bank for $272 is incorrectly recorded in the company's books for $227, how should this error be treated on the bank reconciliation? Subtract $45 from the bank's balance
If a check correctly written and paid by the bank for $272 is incorrectly recorded in the company's books for $227, how should this error be treated on the bank reconciliation? Subtract $45 from the bank's balance
Subject:AccountingPrice: Bought3
If a check correctly written and paid by the bank for $272 is incorrectly recorded in the company's books for $227, how should this error be treated on the bank reconciliation?
Subtract $45 from the bank's balance.
Add $45 to the bank's balance.
Subtract $45 from the book balance.
Add $45 to the book balance.
Subtract $45 from the bank's balance and add $45 to the book's balance.
