accounting question?

A check drawn by a depositor for $195 in payment of a voucher was recorded in the journal as $915. This item would be included on the bank reconciliation as a(n):

= addition to the balance per the bank statement.

= addition to the balance per the depositor’s records.

= deduction from the balance per the bank statement.

= deduction from the balance per the depositor’s records.

Top 2 Answers

A few days ago

Chris H

Favorite Answer

Let me understand…if I wrote a check for $195 and the bank recorded it at $915, the bank would have to issue a credit memo to my account that would show on my bank statement for reconciliation purposes.

A few days ago

Star

addition to the balance per the depositors records…

deduction from the balance per the depositors records…

I am pretty sure this is correct, I took accounting in college, but it has been a little while

Good Luck!!

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