The bank recorded a $2,000 deposit as $200.How would this information be included on the bank reconciliation?
A) A deduction on the bank side
B) A deduction on the book side
C) An addition on the book side
D) An addition on the bank side

Question

Quizplus · Accepted Answer

The bank recorded a lower amount than what was actually deposited, so to reconcile, you would add the missing $1,800 ($2,000 - $200) on the bank side to match the correct deposit amount recorded in the company's books.

The Bank Recorded a $2,000 Deposit as $200