Question

Receipts from cash sales of $3,200 were recorded incorrectly in the cash receipts journal as $2,300. This item would be included on the bank reconciliation as a(n):_______

a. addition to the balance per bank statement
b. deduction from the balance per company's records
c. deduction from the balance per bank statement
d. addition to the balance per company's records

Answer 1

Answer:

d. addition to the balance per company's records

Explanation:

Since in the question it is mentioned that the receipts generated from cash sales is $3,200 is not reported correctly in the journal of cash receipts as it is wrongly reported i.e. $2,300

So this type of error would be involved in the balance according to the records of the company

hence, the correct option is d

The same is to be considered