In preparing the April bank reconciliation for Oscar Company, it was discovered that on April 10 a check was written to pay deli

Question

3 years ago

14

In preparing the April bank reconciliation for Oscar Company, it was discovered that on April 10 a check was written to pay deli

very expense of $45 but the check was erroneously recorded as $54 in the company's books. The correction the error of this error would increase:

Business

1 answer:

aev [14] · Answer 1 · 2021-12-02T09:23:50+03:00

Explanation:

The correction of error is shown below:-

Expense of decrease delivery and cash by $9.

Therefore, to correct this error, which affect the cash is undercharged and delivery expenses to be overcharged. So, the company will decrease the delivery expenses and increase cash by $9, it came by deducting the 45 from $54 and recorded amount is 54.