In a bank reconciliation, a bank error:

Question

Quizplus · Accepted Answer

A bank error may result in an incorrect amount on the bank statement, so it may need to be either added or deducted from the bank balance on the statement to reconcile it with the balance in the general ledger. The error may not necessarily require a deduction from the bank balance. Therefore, option D is incorrect. Option B is specific that it must be added to the bank balance on the bank statement, which is not always correct. Option C is too broad, as it may imply that errors in the general ledger can also be corrected by changing the bank balance.

In a Bank Reconciliation, a Bank Error