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ad-work [718]
3 years ago
9

If a check correctly written and paid by the bank for $936 is incorrectly recorded in the company's books for $963, how should t

his error be treated on the bank reconciliation
Business
1 answer:
motikmotik3 years ago
6 0

Answer:

The difference of $27 will be added in the bank reconciliation statement.

Explanation:

With regards to the above information,

Since bank paid $936 but was recorded as $963 in the company's books.

The difference would therefore be ;

= $963 - $936

= $27.

This means that in the company's books, the balance is shown less than the actual balance by $27

Therefore, $27 will be added to the balance in the bank with regards to the books while preparing the bank reconciliation statement.

Hence, $27 which is $963 - $936 will be added in the bank reconciliation statement.

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