Homework Help: accounting srajmcgain

Posted by anonymous on Friday, April 10, 2009 at 7:16pm.

indicate whether the following items in a bank reconciliation should be: A)Added to the check book blance B) DEDUCTED FROM THE CHECKBOOK C)added to the bank statement balance D) deducted from the bank statement balance
1) deposit of 1,250 that was recorded incorrectly in the check book s 1,200.i think its c. 2)interest earned by the company on an investment and automically deposited to the company account. my ans. was a im i right please correct.

accounting srajmcgain - SraJMcGin, Friday, April 10, 2009 at 7:58pm
1. OK. Now I see you only want what the bank reconciliation should be. The bank will not have access to your check book.
If it was deposited incorrectly in the check book, YOU would have done that. The bank will not know what you entered because they don't see your checkbook. IT will not appear on the bank statement balance? You'll need to do b.

Let me go back to the original post.

Sra

Answer this Question

Related Questions

accounting - indicate whether the following items in a bank reconciliation ...
accounting - indicate whether the following items in a bank reconciliation ...
Accounting - A deposit of $1,250 that was incorrectly in the checkbook as 1,200 ...
accounting srajmcgain thank you - 1)the monthly service chrage of $15. is it b)...
accounting - 1)the monthly service chrage of $15. is it b)deducted from the ...
accounting - Can anyone let me know if I have these correct and if not what am I...
accounting - Can anyone let me know if I have these correct and if not what am I...
acc - Can anyone let me know if I have these correct and if not what am I doing ...
I need help answering this Accounting question!? - Bluejay Corp. prepared a bank...
Accounting - Need help with this bank reconciliation...this is actually for a ...

For Further Reading

First Name:
School Subject:
Answer: