If a check correnctly written and paid by the bank for 504 is incorrectly recorded on the company's books for 540, the appropriate treatment on the bank reconciliation would be

Principles of Accounting Volume 1
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ISBN:9781947172685
Author:OpenStax
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Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 15MC: Which of the following items are found on a book side of the bank reconciliation? A. beginning bank...
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If a check correnctly written and paid by the bank for 504 is incorrectly recorded on the company's books for 540, the appropriate treatment on the bank reconciliation would be to ? 

If a check correctly written and paid by the bank for $504 is incorrectly recorded on the company's books for $540, the appropriate
treatment on the bank reconciliation would be to
O deduct $504 from the book balance.
O deduct $504 from the bank balance.
O add $36 to the bank balance.
O add $36 to the book balance.
Transcribed Image Text:If a check correctly written and paid by the bank for $504 is incorrectly recorded on the company's books for $540, the appropriate treatment on the bank reconciliation would be to O deduct $504 from the book balance. O deduct $504 from the bank balance. O add $36 to the bank balance. O add $36 to the book balance.
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