An error,on the company's books,in recording a $82 deposit as $28 would be included on the bank reconciliation as a(n):
A)addition to the balance per bank.
B)subtraction from the balance per bank.
C)addition to the balance per books.
D)subtraction from the balance per books.

Question

Quizplus · Accepted Answer

This error means the company's books underreported the deposit by $54 ($82 - $28). To correct this, you would add $54 to the balance per books to match the actual amount deposited in the bank.

An Error,on the Company's Books,in Recording a $82 Deposit as $28