If a bookkeeper mistakenly recorded an $85 deposit as $58, the error would be shown on the bank reconciliation as a(n):
A)$27 deduction from the book balance.
B)$85 addition to the book balance.
C)$27 addition to the book balance.
D)$85 deduction from the book balance.

Question

Quizplus · Accepted Answer

The error would be shown as a $27 addition to the book balance because the bookkeeper recorded less money ($58) than was actually deposited ($85), so the books need to be increased by the difference ($27) to match the actual deposit amount.

If a Bookkeeper Mistakenly Recorded an $85 Deposit as $58