On the April 30 bank reconciliation, a deposit made by a company to its bank account on April 18 will 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 by a company to its bank account on April 18 would have already been processed and reflected in the bank's records by April 30, assuming normal processing times. Therefore, it would not affect the current period's bank reconciliation as both the company's records and the bank's records should already include this transaction.

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