Thursday
October 2, 2014

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

accounting - Which of the following is not one of the steps to follow when ...
math - Business and Economics: For a business to make a profit it is clear that ...
accounting - On May 31, 2011, James Logan Company had a cash balance per books ...
math accounting - The following information was drawn from the accounting ...
accounting srajmcgain - indicate whether the following items in a bank ...
math - On May 31, 2011, James Logan Company had a cash balance per books of $6,...
business - On May 31, 2011, James Logan Company had a cash balance per books of...
accounting - Els Company most recently reconciled its bank statement? Els ...
Computer (Excel) - This is my assignment (actually a quiz) You work at an ...
Accounting - I have to prepare an income statement from the following records. ...

Search
Members