In reconciling the January bank statement, the vice president discovered that the bookkeeper had recorded a check written for $681 as $816 in the cash disbursements journal. For the bank reconciliation, the $135 error should be:

Question

Quizplus · Accepted Answer

In order to reconcile to the bank statement, the $135 error should be added to the general ledger cash account balance, since $135 less was disbursed, than was recorded.

In Reconciling the January Bank Statement, the Vice President Discovered