For each of the following errors, describe to a recently hired bookkeeper how it would be shown on a cash reconciliation
Type: Individual Project
Unit: Sales, Financing and Cash Flow
Due Date: Sun, 9/18/16
Grading Type: Numeric
Points Possible: 100
Deliverable Length: 1-2 pages
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Assignment Details
Assignment Description
You are to complete the following task:
For each of the following errors, describe to a recently hired bookkeeper how it would be shown on a cash reconciliation:
· The bank recorded a deposit of $200 as $2,000.
· The company's bookkeeper mistakenly recorded a deposit of $530 as $350.
· 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.
· The bank statement shows a check written by the company for $255 was erroneously paid (cleared the account) as $225.
· 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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