An error in recording a $51 deposit as $15 would be included on the bank reconciliation as a(n)
A) addition to the balance per bank.
B) subtraction from the balance per bank.
C) addition to the balance per books.
D) subtraction from the balance per books.

Question

Quizplus · Accepted Answer

This error affects the company's books because the deposit was recorded incorrectly there, not at the bank. Therefore, to reconcile, you would add the difference to the balance per books to correct the underreported deposit.

An Error in Recording a $51 Deposit as $15 Would