While Preparing a Bank Reconciliation, an Accountant Discovered That a $426

While preparing a bank reconciliation, an accountant discovered that a $426 check returned with the bank statement had been recorded erroneously in the depositor's accounting records as $462. In preparing the bank reconciliation the appropriate action to correct this error would be to:

A) Add $36 to the balance per the depositor's records.
B) Add $36 to the balance per the bank statement.
C) Deduct $36 from the balance per the bank statement.
D) Deduct $36 from the balance per the depositor's records.

Correct Answer:

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Access For Free