While Reconciling Swanson Company's Bank Statement an Error Was Discovered

question 99

Short Answer

While reconciling Swanson Company's bank statement an error was discovered.A $394 cash receipt for the collection of an account receivable was recorded in the company's books as $349.The deposit was recorded correctly by the bank.

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Definitions:

Foreign Intelligence Surveillance Court

A federal tribunal created to review and grant warrants for surveillance on foreign espionage agents within the United States requested by federal law enforcement and intelligence bodies.

Terrorism

The use of violence and threats to intimidate or coerce, especially for political purposes.

Warrants

Financial securities that grant the holder the right to buy shares of a company at a fixed price until the expiry date.

Exclusionary Rule

A legal principle in the United States that prevents evidence collected or analyzed in violation of the defendant's constitutional rights from being used in a court of law.