For which of the following errors should the appropriate amount be added to the balance per bank on a bank reconciliation? Group of answer choices Cheque for $68 recorded as $86 A returned $400 cheque recorded by bank as $40 Deposit of $350 recorded by bank as $35 Cheque for $93 recorded as $39
Question
For which of the following errors should the appropriate amount be added to the balance per bank on a bank reconciliation? Group of answer choices
Cheque for 86
A returned 40
Deposit of 35
Cheque for 39
Solution
For which of the following errors should the appropriate amount be added to the balance per bank on a bank reconciliation?
Deposit of 35
Explanation:
In a bank reconciliation, the aim is to match the bank statement with the company's cash account records. If the bank has recorded a deposit of 35, it means that the bank has under-recorded the deposit by 350 - 315 should be added to the balance per bank on the bank reconciliation.
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