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What is the effect in proof of cash for month of december

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Problem 1: What is the effect in proof of cash for the month of December of a customer's check deposited and returned in December but re-deposited in January next year?

a. Book disbursements are understated while book ending balance is overstated.

b. Book disbursements are overstated while book ending balance is understated.

c. Book and bank receipts are reconciled while book disbursements are overstated.

d. Both receipts and disbursements are reconciled.

Reference no: EM132943833

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