A few days ago
accounting question?
A check drawn by a depositor for $195 in payment of a voucher was recorded in the journal as $915. This item would be included on the bank reconciliation as a(n):
= addition to the balance per the bank statement.
= addition to the balance per the depositor’s records.
= deduction from the balance per the bank statement.
= deduction from the balance per the depositor’s records.
Top 2 Answers
A few days ago
Favorite Answer
Let me understand…if I wrote a check for $195 and the bank recorded it at $915, the bank would have to issue a credit memo to my account that would show on my bank statement for reconciliation purposes.
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A few days ago
addition to the balance per the depositors records…
deduction from the balance per the depositors records…
I am pretty sure this is correct, I took accounting in college, but it has been a little while
Good Luck!!
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