On a bank reconciliation, an unrecorded debit memorandum for printing checks is: Noted as a memorandum only Added to the book balance of cash Deducted from the book balance of cash Added to the bank balance of cash Deducted from the bank balance of cash

Management Mar 23, 2021

On a bank reconciliation, an unrecorded debit memorandum for printing checks is:

1. Noted as a memorandum only
2. Added to the book balance of cash
3. Deducted from the book balance of cash
4. Added to the bank balance of cash
5. Deducted from the bank balance of cash

Expert Solution

Answer: c . Deducted from the book balance of cash

The charges related to printing checks have already been subtracted from the bank balance. However, it remain unrecorded in the books. Thus, it must be deducted from the balance of cash shown in the books.

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