Saturday
August 1, 2015

Homework Help: Accounting

Posted by Anton on Sunday, September 30, 2012 at 1:37pm.

If a company erroneously records a $500 deposit as $50 in its records, which of the following must occur when reconciling its bank statement?

a. The company must increase the balance per its records by $500.
b. The company must decrease the balance per its records by $500.
c. The company must increase the balance per its records by $450.
d. The company must decrease the balance per its records by $450.

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

More Related Questions

Members