A cheque written for $68.30 in payment of an account was recorded on the books as $86.30. On a bank reconciliation, this will appear as a(n):
A)addition to the bank balance for $18.
B)deduction from the bank balance for $18.
C)addition to the book balance for $18.
D)deduction from the book balance for $18.

Question

Quizplus · Accepted Answer

The cheque was recorded incorrectly on the books as $86.30 instead of $68.30, so the book balance needs to be increased by $18 to correct the error.

A Cheque Written for $68