asked 14.6k views
21 votes
Check for $10 incorrectly charged by bank as $100.

Is this an addition or reduction on the bank or company side of a bank reconciliation

2 Answers

4 votes

Answer:

Addition

Step-by-step explanation:

They took too much money out 90$

answered
User Naoto Ida
by
9.0k points
12 votes

Answer:

On the bank reconciliation sheet this would be a reduction because on the customers side it was a debit, which turns into a credit once given back and the bank must perform a reduction to account for the error on the statement sheet

answered
User Vbt
by
8.9k points

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