For which of the following errors should the appropriate amount be added to the balance per bank on a bank reconciliation?
A)Deposit of $250 recorded by the bank as $25
B)Deposit of $25 recorded by the bank as $250
C)Check for $25 recorded in company books as $52
D)Check for $52 recorded in company books as $25

Question

Quizplus · Accepted Answer

The correct amount ($250) should be added to the balance per bank because the bank recorded it as less ($25). This adjustment corrects the bank's underreporting of the deposit.

For Which of the Following Errors Should the Appropriate Amount