A check for $456 was erroneously charged by the bank as $654.In order for the bank reconciliation to balance,you must deduct $198 from the bank statement balance.

Name: A check for $456 was erroneously charged by the bank as $654.In order for the bank reconciliation to balance,you must deduct $198 from the bank statement balance.
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Question

Quizplus · Accepted Answer

To correct the error, you should add $198 to the bank statement balance, not deduct it, because the bank charged more than the actual check amount.

A Check for $456 Was Erroneously Charged by the Bank