The bank charged another company's deposit to our account. This would be included on the bank reconciliation as a(n):
A) addition to the balance per books.
B) subtraction from the balance per books.
C) subtraction from the balance per bank.
D) addition to the balance per bank.

Question

Quizplus · Accepted Answer

This error means the bank has incorrectly increased your account balance by adding funds that belong to another company. To correct this on the bank reconciliation, you would subtract this amount from the balance per bank to align the bank's records with your company's actual account balance.

The Bank Charged Another Company's Deposit to Our Account