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 depositor
B)deposit of $500 recorded by the bank as $50
C)a paid cheque for $200 recorded by the bank as $20
D)cheque for $35 recorded as $53 by the depositor

Question

Quizplus · Accepted Answer

When the bank records a deposit incorrectly, such as $500 as $50, the bank balance is understated by $450. Therefore, $450 should be added to the balance per bank to correct this error.

For Which of the Following Errors Should the Appropriate Amount