Multiple Choice
A canceled check for $1,900 was erroneously recorded by the bank as $9,100.How is the error adjusted in a bank reconciliation?
A) The amount is deducted from the cash balance in the bank section of the reconciliation.
B) The amount is deducted from the cash balance in the company section of the reconciliation.
C) The amount is added to the cash balance in the bank section of the reconciliation.
D) The amount is added to the cash balance in the company section of the reconciliation.
Correct Answer:
Verified
Correct Answer:
Verified
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