If a bookkeeper mistakenly recorded a $58 deposit as $85, 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 is a $27 overstatement ($85 - $58) in the book balance, so it needs to be corrected by deducting $27 from the book balance.

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