If a cheque correctly written and paid by the bank for $483 is incorrectly recorded on the company's books for $384, the appropriate treatment on the bank reconciliation would be to
A)add $99 to the balance per bank.
B)add $99 to the balance per books.
C)deduct $99 from the balance per books.
D)deduct $99 from the balance per bank.

Question

Quizplus · Accepted Answer

The company recorded the cheque for $99 less than the amount paid by the bank, so the balance per books should be reduced by $99.

If a Cheque Correctly Written and Paid by the Bank