If a company erroneously records a 500 deposit as 400 in, Financial Management

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If a company erroneously records a 500 deposit as 400 in

If a company erroneously records a $500 deposit as $400 in its books, which of the following must occur when reconciling the bank statement? a. The company will have to increase the balance per the bank statement by $100. b. The company will have to increase the balance per the books by $100. c. The company will have to decrease the balance per bank statement by $100. d. None of these choices are correct.

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