While reconciling the bank statement, it is noted that the bank deducted a check written by another depositor. On a bank reconciliation statement this error would be shown as:

Question

Quizplus · Accepted Answer

This error would be corrected by adding the amount back to the bank statement balance, as the deduction was made in error and does not affect the company's actual book balance.

While Reconciling the Bank Statement, It Is Noted That the Bank