Question 7 (of 60 200 points MC Qu. 119 If a check correctly written and paid by

Question

Question 7 (of 60 200 points MC Qu. 119 If a check correctly written and paid by t a check correctly written and pald by the bank for $585 is incorrectly recorded in the company's books for 558, how should this error be treated on the bank reconciation? °Subtract $27 from the benk's balance. O Subtrect $27 from the book balance O Add $27 to the book balance O Subract $27 from the banik's balance and add $45 to the book's balance O Add $27 to the bank's balance References Mutiple Choice Difficulty: 3 Hard MC Ou. 119 If a check correctly witten and paid Leaning Objective 08-P3 Prepare a bank by Type here to search

Explanation / Answer

Ans Subtract $27 from the book balance

Difference amount of $ 27 is to be adjusted from book balance.

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