Which of the following would be a reconciling item on the bank side of the reconciliation?
A)collection of note receivable for $1,000
B)non-sufficient funds cheque for $75
C)service fee of $20
D)bank recorded a $2,000 deposit as $200

Question

Quizplus · Accepted Answer

A bank error, such as recording a $2,000 deposit as $200, is a reconciling item on the bank side because it requires an adjustment to the bank's records to match the company's records.

Which of the Following Would Be a Reconciling Item on the Bank