You are to complete the following task: For each of the following errors, describe to a recently hired bookkeeper how it would be shown on cash reconciliation: The bank recorded a deposit of $200 as $2,000. The company's bookkeeper mistakenly recorded a deposit of $530 as $350. The company's bookkeeper mistakenly recorded a payment of $250 received from a customer as $25 on the bank deposit slip. The bank caught the error and made the deposit for the correct amount. The bank statement shows a check written by the company for $255 was erroneously paid (cleared the account) as $225. The bookkeeper wrote a check for $369 but erroneously wrote down $396 as the cash disbursement on the company's records.

Answer rating: 100% (QA)

A bank reconciliation statement is a financial report compiled by an organization with the aim of comparing the firms records with the bank record Thi... View the full answer