How to Make Appropriate Adjustment on Bank Reconciliation-Multiple Choice Question
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Question
A check correctly written and paid by the bank for $271 is incorrectly recorded on the company's books for $217. The appropriate adjustment on bank reconciliation would be to
a. deduct $271 from the book's balance.
b. deduct $54 from the book's balance.
c. deduct $54 from the bank's balance.
d. add $54 to the bank's balance.
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