An error,on the company's books,in recording a $72 deposit as $27 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

The error in recording the deposit means the company's books show $45 less than they should. To correct this, $45 should be added to the balance per books.

An Error,on the Company's Books,in Recording a $72 Deposit as $27