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A Check Was Written by a Business for $205,but Was

question 68

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A check was written by a business for $205,but was recorded in the cash payments journal as $502.How would this error be included on the bank reconciliation?


Definitions:

Cent

A monetary unit in many countries, equal to one hundredth of the basic unit of currency.

Accurate

Describes a high level of correctness, diligence, and precision in measurement or information.

Accurate

The degree of closeness of a measured or calculated quantity to its actual (true) value.

Cent

A monetary unit in various countries, equal to one-hundredth of the base unit of currency.

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