What appropriate treatment for a cheque

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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:

A. add it to the balance as per bank statement.

B. deduct it from the balance as per bank statement.

C. add it to the balance per company records.

D. deduct it from the balance per company records.

Reference no: EM132695384

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