If a check correctly written and paid by the bank for $428 is incorrectly recorded on the company's books for $482, the appropriate treatment on the bank reconciliation would be to
A) add $54 to the bank's balance.
B) add $54 to the book's balance.
C) deduct $54 from the bank's balance.
D) deduct $428 from the book's balance.

Question

Quizplus · Accepted Answer

The company recorded $54 more than the actual check amount, so $54 should be added back to the book's balance to correct the error.

If a Check Correctly Written and Paid by the Bank