If a check correctly written and paid by the bank for

If a check correctly written and paid by the bank for $439 is incorrectly recorded in the company's books for $493, how should this error be treated on the bank reconciliation? Multiple Choice Add $54 to the book balance Subtract $54 from the bank's balance Subtract 554 from the book balance Add $54 to the bank's balance Subtract $54 from the bank's balance and add $45 to the book's balance

If a check correctly written and paid by the bank for $439 is incorrectly recorded in the company's books for $493, how should this error be treated on the bank reconciliation? Multiple Choice Add $54 to the book balance Subtract $54 from the bank's balance Subtract 554 from the book balance Add $54 to the bank's balance Subtract $54 from the bank's balance and add $45 to the book's balance

Answer

Answer is Add $54 to the book balance

Incorrect entry made a decrease of $ 54 in book balance. So it
should add to book balance while preparing bank reconciliation