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

User Asaf Gilad
by
6.1k points

2 Answers

4 votes

Answer:

Addition

Step-by-step explanation:

They took too much money out 90$

User Naoto Ida
by
6.7k 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

User Vbt
by
6.6k points