The bank recorded a $2 000 deposit as $200. How would this information be included on the bank reconciliation?
A)An addition on the bank side
B)An addition on the book side
C)A deduction on the bank side
D)A deduction on the book side

Question

Quizplus · Accepted Answer

The bank recorded a deposit of $2,000 as $200, which means the bank statement shows a lower balance than the book balance. To reconcile the bank statement, we need to add the difference ($2,000 - $200 = $1,800) to the bank balance. Therefore, the correct answer is A: An addition on the bank side.

The Bank Recorded a $2 000 Deposit as $200