Recording a $15 check as having been written for $150 will require an addition to the cash account on the bank reconciliation.

Name: Recording a $15 check as having been written for $150 will require an addition to the cash account on the bank reconciliation.
Brand: Quizplus
Rating: 4.9 (50 reviews)

Question

Quizplus · Accepted Answer

Recording a $15 check as $150 overstates the cash disbursement, so the cash account must be adjusted by adding back the $135 difference to reconcile the bank statement with the company's records.

Recording a $15 Check as Having Been Written for $150