Business, 24.04.2020 18:49 FlayMaster101
During the preparation of the bank reconciliation for Building Concepts Co., Joel Kimmel, the assistant controller, discovered that Lone Peak National Bank incorrectly recorded a $3,290 check written by Building Concepts Co. as $329. Joel has decided not to notify the bank but wait for the bank to detect the error. Joel plans to record the $2,961 error as Other Income if the bank fails to detect the error within the next three months.
Is Joel behaving in a professional manner? Why or why not?
Answers: 2
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During the preparation of the bank reconciliation for Building Concepts Co., Joel Kimmel, the assist...
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