a-bank-error-resulted-in-a-300-overstatement-of-the-bank-balance-how-should-this

Question

A bank error resulted in a $300 overstatement of the bank balance. How should this be corrected in the reconciliation?

Accepted Answer

Subtract $300 from the bank balance.

Answer

Add $300 to the book balance.

Answer

Subtract $300 from the book balance.

Answer

Add $300 to the bank balance.

A bank error resulted in a \$300 overstatement of the bank balance. How should this be corrected in the reconciliation?