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Find the appropriate treatment for a cheque in payment

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Reference no: EM132731492

Problem 1: In preparing a bank reconciliation statement for a business with a substantial bank balance, the appropriate treatment for a cheque for $871 in payment of an account payable that was erroneously entered as $817 in the company's books is to:

Select one:

a. add it to the balance per company records

b. deduct it from the balance as per bank statement

c. add it to the balance as per bank statement

d. deduct it from the balance per company records

Reference no: EM132731492

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