On its bank reconciliation for the month of October, a company noted that it had...
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Accounting
On its bank reconciliation for the month of October, a company noted that it had made an accounting error. It recorded a cash payment for the purchase of supplies as $35 instead of the actual amount of $350. Question: How should the company account for this error on its bank reconciliation for October? Select one: a. $315 should be subtracted from the bank side of the bank reconciliation. b. $315 should be added to the bank side of the bank reconciliation. c. \$315 should be subtracted from the company side of the bank reconciliation. d. $315 should be added to the company side of the bank reconciliation
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