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While Preparing the Bank Reconciliation,an Accountant Discovered That a $426

Question 49

Multiple Choice

While preparing the bank reconciliation,an accountant discovered that a $426 check returned with the bank statement had been recorded erroneously in the depositor's accounting records as $462.In preparing the bank reconciliation the appropriate action to correct this error would be to:


A) Add $36 to the balance per the depositor's records.
B) Add $36 to the balance per the bank statement.
C) Deduct $36 from the balance per the bank statement.
D) Deduct $36 from the balance per the depositor's records.

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