Book credit error of current month corrected in the same month shall be: Group of answer choices Added to receipts and added to ending cash balance. Deducted in receipts and deducted from ending cash balance. Deducted from disbursements and deducted from receipts. Deducted from disbursements and deducted from ending cash balance.
Book credit error of current month corrected in the same month shall be: Group of answer choices Added to receipts and added to ending cash balance. Deducted in receipts and deducted from ending cash balance. Deducted from disbursements and deducted from receipts. Deducted from disbursements and deducted from ending cash balance.
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter6: Bank Accounts, Cash Funds, And Internal Controls
Section: Chapter Questions
Problem 6QY
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Question
8
Book credit error of current month corrected in the same month shall be:
Group of answer choices
Added to receipts and added to ending cash balance.
Deducted in receipts and deducted from ending cash balance.
Deducted from disbursements and deducted from receipts.
Deducted from disbursements and deducted from ending cash balance.
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