A firm wrote a check for $282 but the bank deducted $228 from the firm's account for the check. On a bank reconciliation statement this error would be shown as:

Question

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The error would be shown as a deduction of $54 from the bank statement balance because the bank only deducted $228 instead of the correct amount of $282. The difference of $54 needs to be subtracted from the bank statement balance to reconcile the error.

A Firm Wrote a Check for $282 but the Bank