On the April 30 bank reconciliation, a deposit made by a company to its bank account on April 18 will likely appear as a(n)
A) addition to the balance per books.
B) deduction from the balance per books.
C) deduction from the balance per bank.
D) This will not affect the current period's bank reconciliation.

Question

Quizplus · Accepted Answer

A deposit made on April 18 should have already been recorded by both the company and the bank by April 30, so it should not affect the current period's bank reconciliation.

On the April 30 Bank Reconciliation, a Deposit Made by a Company