He companys accountant recorded a bank deposit as 460 how


Question - The company's accountant recorded a bank deposit as $460 in the company's accounting records but the bank recorded the deposit at its incorrect amount of $640. (the accountant made the error) how should this error be treated on the bank reconciliation?

Solution Preview :

Prepared by a verified Expert
Accounting Basics: He companys accountant recorded a bank deposit as 460 how
Reference No:- TGS02512248

Now Priced at $25 (50% Discount)

Recommended (96%)

Rated (4.8/5)