The bookkeeper prepared a check for $68 but accidentally recorded it as $86. When preparing the bank reconciliation, this should be corrected by:

A. Adding $18 to the bank balance

B. Adding $18 to the book balance

C. Subtracting $18 from the bank balance

D. Subtracting $18 from the book balance.

Question

Business

Brianna Sawyer

2 February, 19:31

The bookkeeper prepared a check for $68 but accidentally recorded it as $86. When preparing the bank reconciliation, this should be corrected by:

A. Adding $18 to the bank balance

B. Adding $18 to the book balance

C. Subtracting $18 from the bank balance

D. Subtracting $18 from the book balance.

+1

Answers (1)

Know the Answer?

Brooklynn Mack · Answer 1

B. Adding $18 to the book balance

Explanation:

Because the bookkeeper accidentally reduced the book balance in $18 by recording the check payment for $86 instead of the actual $68, this mistake can simply be corrected by adding those $18 back to the book balance when making the bank reconciliation.

The bookkeeper prepared a check for $68 but accidentally recorded it as $86. When preparing the bank reconciliation, this should be corrected by:A. Adding $18 to the bank balanceB. Adding $18 to the book balanceC. Subtracting $18 from the bank balanceD. Subtracting $18 from the book balance.