Al Maha Plastic LLC sold OMR 2500 plastic furniture to Majan stores on credit . The manager of Majan stores directly deposited OMR 2000 in the company's bank account that the company unaware. How will you adjust the above reconciliation item in the bank reconciliation statement ? a . Add OMR 2500 to bank statement balance b . Add OMR 2500 to cash book balance C. Add OMR 2000 to bank statement balance d . Add OMR 2000 to company's cash book balance
Al Maha Plastic LLC sold OMR 2500 plastic furniture to Majan stores on credit . The manager of Majan stores directly deposited OMR 2000 in the company's bank account that the company unaware. How will you adjust the above reconciliation item in the bank reconciliation statement ? a . Add OMR 2500 to bank statement balance b . Add OMR 2500 to cash book balance C. Add OMR 2000 to bank statement balance d . Add OMR 2000 to company's cash book balance
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter7: Internal Control And Cash
Section: Chapter Questions
Problem 21E
Related questions
Question
Al Maha Plastic LLC sold OMR 2500 plastic furniture to Majan stores on credit . The manager of Majan stores directly deposited OMR 2000 in the company's bank account that the company unaware. How will you adjust the above reconciliation item in the bank reconciliation statement ?
a . Add OMR 2500 to bank statement balance
b . Add OMR 2500 to cash book balance
C. Add OMR 2000 to bank statement balance
d . Add OMR 2000 to company's cash book balance
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
Financial Accounting
Accounting
ISBN:
9781337272124
Author:
Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:
Cengage Learning
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
Financial Accounting
Accounting
ISBN:
9781337272124
Author:
Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:
Cengage Learning
Financial Accounting: The Impact on Decision Make…
Accounting
ISBN:
9781305654174
Author:
Gary A. Porter, Curtis L. Norton
Publisher:
Cengage Learning