If a cheque correctly written and paid by the bank for $521 is incorrectly recorded on the company's books for $251, the appropriate treatment on the bank reconciliation would be to
A) add $270 to the balance per bank.
B) add $270 to the balance per books.
C) deduct $270 from the balance per books.
D) deduct $270 from the balance per bank.

Question

Quizplus · Accepted Answer

The Answer of If a cheque correctly written and paid by the bank for $521 is incorrectly recorded on the company's books for $251, the appropriate treatment on the bank reconciliation would be to
A) add $270 to the balance per bank.
B) add $270 to the balance per books.
C) deduct $270 from the balance per books.
D) deduct $270 from the balance per bank.

If a Cheque Correctly Written and Paid by the Bank