70. The book recorded a check disbursement in November for P15,000, the correct amount is P25,000. This was correct in December. How would this affect the book proof of cash? November cash balance is reduced by P10,000 while the disbursement is reduced by P10,000. November and December cash balances are both reduced by P10,000. November cash balance is reduced by P10,000 while the disbursement is increased by P10,000. November cash balance is reduced by P10,000 while the receipts is increased by P10,000.

70. The book recorded a check disbursement in November for P15,000, the correct amount is P25,000. This was correct in December. How would this affect the book proof of cash? November cash balance is reduced by P10,000 while the disbursement is reduced by P10,000. November and December cash balances are both reduced by P10,000. November cash balance is reduced by P10,000 while the disbursement is increased by P10,000. November cash balance is reduced by P10,000 while the receipts is increased by P10,000.

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter5: Internal Control And Cash

Section: Chapter Questions

Problem 2SEQ

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