State Bank collected a note for A-Makura Company. This collection, not yet recorded in AL-Makura’s…

Accounts - Principles of Accounts JAMB 1998

State Bank collected a note for A-Makura Company. This collection, not yet recorded in AL-Makura’s books, appears on the bank reconciliation as?

  • an addition to balance per book checkmark
  • a deduction from balance per bank statement
  • an addition to balance per bank statement
  • a deduction from balance per books

The correct answer is: A

Explanation

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