2. A check correctly written and paid by the bank for P517 is incorrectly recorded on the company's book for P571, what would be the appropriate treatment on the bank reconciliation? A. add P54 to the book balance B. add P54 to the bank balance C.subtract P54 to the book balance D. subtract P54 to the bank balance

2. A check correctly written and paid by the bank for P517 is incorrectly recorded on the company's book for P571, what would be the appropriate treatment on the bank reconciliation? A. add P54 to the book balance B. add P54 to the bank balance C.subtract P54 to the book balance D. subtract P54 to the bank balance

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter7: Accounting For Cash

Section: Chapter Questions

Problem 2CE

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