A payment for $31 is incorrectly recorded on the checkbook stub as $13.The $18 error should be shown on the bank reconciliation as:
A)added to the balance per bank statement.
B)deducted from the balance per bank statement.
C)added to the balance per books.
D)deducted from the balance per books.

Question

Quizplus · Accepted Answer

The error is in recording the payment in the checkbook stub, which means it is in the balance per books. Therefore, the $18 error should be deducted from the balance per books to reconcile it with the balance per bank statement.

A Payment for $31 Is Incorrectly Recorded on the Checkbook