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Author Question: Receipts from cash sales of 3,200 were recorded incorrectly in the cash receipts journal as 2,300 . ... (Read 112 times)

casperchen82

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on: Jul 5, 2018
Receipts from cash sales of 3,200 were recorded incorrectly in the cash receipts journal as 2,300 . This itemwould be included on the bank reconciliation as a(n)
 a. deduction from the balance per company's records
  b. addition to the balance per bank statement
  c. deduction from the balance per bank statement
  d. addition to the balance per company's records

Question 2

If a company uses the indirect method of calculating cash from operating activities, its statement of cash flows begins with cash collected from customers.
 
  Indicate whether the statement is true or false


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lucas dlamini

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Reply #1 on: Jul 5, 2018
Answer to Question 1

d

Answer to Question 2

FALSE


casperchen82

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Reply 2 on: Jul 5, 2018
Excellent

lcapri7

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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