A cheque written by the company for $157 is incorrectly recorded as $175.On the bank reconciliation, the $18 error should be
A)added to the balance per books.
B)deducted from the balance per books.
C)added to the balance per bank.
D)deducted from the balance per bank.

Question

Quizplus · Accepted Answer

The cheque was recorded for more than its actual amount, so the error of $18 should be added back to the balance per books to correct it.

A Cheque Written by the Company for $157 Is Incorrectly