Author Question: Two special items, discontinued operations and extraordinary items, must be disclosed separately on ... (Read 122 times)

RODY.ELKHALIL · **on:** Jul 6, 2018

Two special items, discontinued operations and extraordinary items, must be disclosed separately on the income statement.

Indicate whether the statement is true or false

Question 2

A check issued to a creditor in the amount of 35 was recorded in the journal as 350 . In the bank reconciliation, the correction would be recorded as a(n)
a. deduction from the bank statement balance.
b. addition to the bank statement balance.
c. deduction from the ledger balance of cash.
d. addition to the ledger balance of cash.
e. addition to a revenue account.