A check written by the company for $275 is incorrectly recorded by the company as $257.On the bank reconciliation the $18 error should be

Question

Quizplus · Accepted Answer

The company has recorded $18 less than the actual amount of the check. Therefore, the error should be deducted from the balance per books to bring it in line with the actual balance. It should not be added to the balance per bank because the bank's balance would not reflect this error.

A Check Written by the Company for $275 Is Incorrectly