If the bookkeeper recorded a bank deposit of Rupees 450, but the bank recorded the deposit at its correct amount of Rupees 540. The bank reconciliation will require a/an ______________.

addition per book balance of cash

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deduction per book balance of cash

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addition per bank statement balance

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deduction per bank statement balance

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Solution

The correct options are
A addition per book balance of cash
D deduction per bank statement balance
If the book keeper recorded a bank deposit of Rs. 450, but the bank recorded the deposit at its correct amount of Rs. 540, then the bank reconciliation will require an addition per book balance of cash as the book keeper had recorded the deposit by Rs. 90 less i.e. increased the balance by Rs. 90 less. And if balance as per bank statement is given, Rs. 90 will be deducted to calculate the balance as per cash book.

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