a-company-discovers-a-bank-collection-of-1000-that-was-not-recorded-in-its-books

Question

A company discovers a bank collection of $1,000 that was not recorded in its books. What adjustment should be made?

Accepted Answer

Add $1,000 to the book balance.

Answer

Subtract $1,000 from the bank balance.

Answer

Add $1,000 to the bank balance.

Answer

Subtract $1,000 from the book balance.

A company discovers a bank collection of \$1,000 that was not recorded in its books. What adjustment should be made?