Question

The bank recorded a​ $3,000 deposit as​ $300. how would this information be included on the bank​ reconciliation

Answer 1

Step-by-step explanation:

Depending on how you prepare your bank reconciliation, you would either deduct 2700 from book balance or add 2700 to bank balance.

Answer 2

An addition on the bank side would be used to reconcile this mistake. This would allow the bank to make sure that the deposit was recorded correctly and that the bank had deposited the correct amount of money at the end of the business day.