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FinnZ [79.3K]
3 years ago
7

If a check correctly written and paid by the bank for $646 is incorrectly recorded on the company's books for $664, the appropri

ate treatment on the bank reconciliation would be to deduct $646 from the book's balance. deduct $18 from the bank's balance. subtract $18 from the book's balance. add $18 to the book's balance.
Business
1 answer:
sergeinik [125]3 years ago
4 0

Answer:

See below

Explanation:

Bank reconciliation occurs basically when there is a difference between the bank statement balance and cash. With regards to the above, the error should be treated thus in the bank reconciliation.

Since the check written and paid by the bank is $646, while it is written in the company's book as $664 , then a book balance of $18 is added which is the difference between $664 and $646

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a. 1

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Answer and Explanation:

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3 years ago
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bagirrra123 [75]

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When merchandise purchased on account is returned under the perpetual inventory system, the buyer would debit a. Inventory b. Pu
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Answer:

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