Cheque number 6135 for $576 was incorrectly entered as $657.Which adjustment needs to be made?
A)Decrease the book balance.
B)Increase the bank statement balance.
C)Decrease the bank statement balance.
D)Increase the book balance.

Question

Quizplus · Accepted Answer

The cheque was recorded for more than its actual amount, so the book balance needs to be increased by the difference ($657 - $576 = $81) to correct the error.

Cheque Number 6135 for $576 Was Incorrectly Entered as $657