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What the bank reconciliation will balance

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Reference no: EM132750040

Problem 1: Controller willfully overstated the deposit in transit figure by $20,000. The bank reconciliation will balance if the controller also ________________________ on its books.

a) Debited cash / credited Revenues
b) Debited A/R / credited Revenues
c) Debited COGS / credited Inventory
d) All of the above

Reference no: EM132750040

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