For which of the following errors should the appropriate amount be added to the balance per bank on a bank reconciliation?
A)Cheque for $43 recorded as $34 by the company
B)A returned $200 cheque recorded by the bank as $20
C)Cheque for $35 recorded as $53 by the company
D)Deposit of $500 recorded by the bank as $50

Question

Quizplus · Accepted Answer

The bank recorded a deposit of $500 as $50, so the bank balance is understated by $450. This amount should be added to the balance per bank to correct the error.

For Which of the Following Errors Should the Appropriate Amount