indicate whether the following items in a bank reconciliation should be: A)Added to the check book blance B) DEDUCTED FROM THE CHECKBOOK C)added to the bank statement balance D) deducted from the bank statement balance

Question

1) deposit of 1,250 that was recorded incorrectly in the check book s 1,200.i think its c. 2)interest earned by the company on an investment and automically deposited to the company account. my ans. was a im i right please correct.

Answer 1

1. OK. Now I see you only want what the bank reconciliation should be. The bank will not have access to your check book.
If it was deposited incorrectly in the check book, YOU would have done that. The bank will not know what you entered because they don't see your checkbook. IT will not appear on the bank statement balance? You'll need to do b.

Let me go back to the original post.

Sra