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    Bank Reconcilation statement

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    I am conducting a review inro how to properly record bookkeeping errors. Could you provide some assistance? Thanks.

    Problem (also attached):

    Describe how you would record each of the errors, listed below, on a cash reconciliation.

    1. The bank recorded a deposit of $200 as $2,000.
    2. The company's bookkeeper mistakenly recorded a deposit of $530 as $350.
    3. 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.
    4. The bank statement shows a check written by the company for $255 was erroneously paid (cleared the account) as $225.
    5. The bookkeeper wrote a check for $369 but erroneously wrote down $396 as the cash disbursement on the company's records.

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    https://brainmass.com/business/auditing/bank-reconcilation-statement-41457

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    Solution Preview

    Complete the following tasks:

    Describe how you would record each of the errors, listed below, on cash reconciliation.

    1. The bank recorded a deposit of $200 as $2,000.
    2. The company's bookkeeper mistakenly recorded a deposit of $530 as $350.
    3. 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.
    4. The bank statement shows a check written by the company for $255 was ...

    Solution Summary

    This explains the recording of errors of Bank Reconcilation statement

    $2.19

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