If a Company Erroneously Records a $500 Deposit as $400

Multiple Choice

If a company erroneously records a $500 deposit as $400 in its books, which of the following must occur when reconciling the bank statement?

A) The company will have to increase the balance per the bank statement by $100.
B) The company will have to increase the balance per the books by $100.
C) The company will have to decrease the balance per bank statement by $100.
D) None of the above